MPC Energy Solutions has expanded its portfolio in Puerto Rico with an investment in a 2.6MW grid-tied combined-heat-and-power plant (CHP) project.
The global sustainable energy provider is investing $6m (€5.5m) for a majority stake in the development plant located in Añasco, expected to commence operations in the fourth quarter of the year.
The new CHP plant, being built by turnkey contractor Teksol, will deliver a minimum power load of 13GWh a year and 2.6m tonnes of chilled water.
The deal is the second project in Puerto Rico for MPC. A year ago, the company announced the completion of the acquisition of its Neol CHP plant, a 3.4MW CHP plant in Caguas.
Martin Vogt, CEO at MPC Energy Solutions, said: “The new project is another important step in terms of executing our project pipeline and demonstrates MPC Energy Solution’s continued commitment to Puerto Rico.
“We are keen to grow our portfolio further to achieve critical size and economies of scale in Puerto Rico.”
MPC, which holds a minority stake in Energy Solutions, said the new project is part of its existing partnership with Enernet Global, a distributed energy service company that owns and operates hybrid power systems in Latin America, Africa, Australia and Asia. The partnership provides MPC with access to the microgrid sector in established and new markets.
Paul Matthews, CEO at Enernet Global, said: “We are excited to partner with MPC Energy Solutions for this second CHP project in Puerto Rico.
“Together with MPC we continue to support Puerto Rico as it strives to reduce its carbon emissions and make the transition from fossil fuels towards cleaner energies.”
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