Wed, 14/03/2018 - 17:41
MPC Capital, an international real assets investment manager, has formed a joint venture with Martifer Renewables, a developer of wind and solar energy projects.
MPC Capital and Martifer Renewables will form a strategic partnership cultivating and supporting distributed generation and utility scale solar PV and wind renewable energy products throughout Colombia.
“We are excited to expand our regional development efforts into the Colombian market and to take advantage of highly attractive, niche investment opportunities,” says Dr Roman Rocke, Management Board Member, MPC Capital. “This partnership illustrates our on-going commitment to expanding our renewables infrastructure investment platform and activities in the Caribbean Basin.
“The Caribbean Basin has provided us with great opportunities recently, with the opening of our Panama office and the beginning of work on our 51.5 MWp Paradise Park PV plant in Jamaica last year, and now this new, exciting venture with an industry leader like Martifer.”
Based in Bogota, Colombia, both MPC Capital and Martifer Renewables will dedicate staff and resources towards day-to-day operations of renewables infrastructure projects in Colombia. Martifer will be the lead developer, and provide operations and maintenance, while MPC Capital will focus on financial analysis, debt financing and asset management services.
“We are very pleased to partner up with MPC Capital in Colombia. This partnership brings more robustness to our strategy, focusing in setting partnerships, developing, constructing and operating renewable energies projects, thus adding value to our Shareholders” says Miguel Lobo, Martifer Renewables Board Member. “Colombia is one of the most promising markets in renewables energies in LatAm. We expect to be a relevant player in Colombia participating in solar distributed generation projects and both solar and wind utility-scale projects.”
The demand for renewable energy in the Colombian market remains strong and attractive for investors. Industrial and commercial users total 11GW of installed capacity and total consumption is growing at a 5 per cent annual increase. The rising adoption of renewables in the region, coupled with increased consumption, has positioned this venture to be of value for years to come.
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