Real assets manager MPC Capital has completed the acquisition of the Tilawind wind farm in Costa Rica for $50m (€44.6m).
Last year, the manager’s renewables fund MPC Caribbean Clean Energy Fund together with Trinidadian conglomerate ANSA McAL jointly invested an undisclosed amount to buy the 21 MW operational wind farm located in Tilarán in the Guanacaste province.
MPC said all customary approvals were granted in April this year enabling the closing of the acquisition.
Tilawind is the second acquisition of the MPC fund, which has already invested in the 51MWp solar PV park Paradise Park in Jamaica.
MPC Renewable Energies, a subsidiary of MPC Capital and the investment advisor to the fund, originated and structured the transaction and is now responsible for the technical, commercial and administrative management of the wind farm.
David Delaire, managing director of MPC Renewable Energies, said: “We look forward to expanding our services, not only in the Caribbean region and Central America but also globally to maximise shareholder value.
“We’re also eager to explore additional investment opportunities in the renewables sector for both institutional and retail investors who wish to capitalise on opportunities in the growing market.”