The two companies will provide staff and resources for the day-to-day operation of renewable infrastructure projects in Columbia. Martifer will act as 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” said Miguel Lobo, Martifer Renewables Board Member. “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.”
Dr. Roman Rocke, Management Board Member, MPC Capital, added that the Caribbean Basin has provided great opportunities recently, with the opening of the company’s Panama office and the beginning of work on its 51.5 MWp Paradise Park PV plant in Jamaica last year.
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 percent annual increase. The rising adoption of renewables in the region, coupled with increased consumption, has positioned this venture to potentially be of value for years to come.
Image: The City of Bogota, Columbia
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