New York, New York – August 26th 2021 — Enernet Global Inc., a distributed energy service company that provides tailored energy solutions for commercial, industrial, remote community and utility customers, announces USD300 million in project equity committed from MPC Energy Solutions N.V., a Dutch-based and Oslo-listed global provider of
sustainable energy solutions. Enernet finances, builds, owns and operates microgrids and distributed energy resources on a global basis.
With operations in Australia, the Philippines, the Caribbean and Sub-Saharan Africa, Enernet deploys distributed on- and off-grid generation projects that include renewable energy, battery storage, cogeneration and existing thermal or grid supply.
Selling energy and services through power purchase or “build-own-operate-transfer” agreements, systems are delivered at no capital cost to customers and tailored to their specific energy needs. This lowers customer costs, adds energy resilience and independence, and dramatically reduces emissions for commercial and industrial, mining,
hospitality, remote, island community, and utility customers. The $300 million of project equity will be targeted on Enernet’s projects in the Caribbean and the Philippines.
“This capital enables us to ramp-up delivery of projects in two of our major markets, as well as looking to new markets. Our customers get cost savings, emissions reductions and improved operational efficiencies while we drive forward our vision of a sustainable, renewables-based future,” said Paul Matthews, Enernet’s CEO.
He added, “We live to be our customer’s partner for power.”
Martin Vogt, CEO of MPC Energy Solutions, commented: “The cooperation with Enernet has already proven to be very successful in the first few months. We are now looking forward to further expanding and connecting a variety of attractive projects, both in our focus region of the Caribbean as well as in new geographical areas. This will take MPC Energy Solutions to the next level.”
About MPC Energy Solutions NV
MPC Energy Solutions (ticker: “MPCES”) is a global provider of sustainable energy and primarily focuses on low-carbon energy infrastructure, including solar and wind assets, and other hybrid and energy efficiency solutions. The Company participates in full project lifecycle of renewable solutions, from early-stage development through construction and operation. More details, including an updated company presentation on the pipeline development, at www.mpc-energysolutions.com