Amsterdam/Oslo - 5 December 2023 - MPC Energy Solutions ("MPCES", "Company")
announced today that its 26.7 MW solar photovoltaic ("PV") plant Planeta Rica
has been connected and is now supplying energy to the power grid. The project is
a joint venture with French developer Akuo Energy. MPCES and Akuo Energy both
own a 50% stake in the project (https://www.mpc-energysolutions.com/projects-and
-markets).

"We are happy to achieve yet another milestone in our company's history. We
expect the plant to achieve full capacity early next week, and the project is
now delivering clean and affordable energy to the Colombian market. We are proud
of this achievement", said Stefan H.A. Meichsner, Chief Financial Officer of
MPCES.

The Planeta Rica plant will supply over 48 GWh of electricity per year to the
grid and is expected to generate around USD 1.6 million in proportionate
revenues for the Company in 2024. MPCES now has five projects under operation
across four countries in the region.

The power plant was built by the international engineering and construction
group Mota-Egil. Bancolombia provided a project finance facility to the project
to fund construction and the operational phase of the project. Planeta Rica will
sell electricity under a 15-year power purchase agreement (PPA) to Celsia, one
of the country's leading energy companies. The plant is expected to avoid the
emission of over 4,000 tons of CO2 each year.

"Expanding its solar footprint is core to Colombia's transition towards a more
diversified renewable base. Today the country is highly reliant on power from
hydro sources, and the recent dry periods have shown how negatively this lack of
diversification impacts electricity prices in the market", adds Fernando Zuñiga,
the Company's Managing Director for Latin America.

- ENDS -

About MPC Energy Solutions
MPC Energy Solutions ("MPCES") is a global provider of sustainable energy and
primarily focuses on low-carbon energy infrastructure, including solar and wind
farms, and other hybrid and energy efficiency solutions. The Company
participates in the full project lifecycle of renewable solutions, from early
-stage development through construction and operation. More details at www.mpc
-energysolutions.com

Media contacts
MPC Energy Solutions N.V.
Investor Relations & Public Relations
Email: ir@mpc-energysolutions.com

Norway

Mats Samdahl Weltz
Salto Advisers
Phone: +47 950 46330
Email: msw@saltoadvisers.no