Amsterdam/Oslo - 26 February 2024 - MPC Energy Solutions ("MPCES", "Company")
announced today that it has started construction of its 65 MWp solar
photovoltaics ("PV") plant San Patricio Renovables in Guatemala. The Company
issued a limited notice to proceed to the project's turnkey EPC contractor and
thereby secured very competitive prices for PV modules and other critical
equipment required for the project.

"We are thrilled to achieve another significant milestone in our company's
history. San Patricio is by far our largest project to date, demonstrating the
scalability of our existing setup and emphasizing our ability to successfully
develop greenfield projects in the region. Once operational, the project is
expected to deliver long-term stable financial returns to our shareholders and
will help us surpass the USD 20 million annual group revenue threshold. The
construction of the solar PV plant is expected to be completed by mid-2025",
said Stefan H.A. Meichsner, Chief Financial Officer of MPCES.

MPCES today owns and operates five power-producing assets across Latin America
and the Caribbean with an aggregate capacity of around 79 MWp (proportionate
share MPCES: 66 MWp). San Patricio will be a significant addition to the
production portfolio and nearly double the Company's installed capacity. San
Patricio alone is expected to generate revenues of more than USD 8 million per
year at EBITDA margins above 80 percent. The total investment costs for the
construction of the plant, including financing costs and risk contingencies,
will be around USD 42 million.

Fernando Zuñiga, MPCES's Managing Director for Latin America and the Caribbean,
added: "It is our mission to provide clean and affordable energy to countries
across Central America and the Caribbean. San Patricio will be our sixth
operational power plant once completed. The greenfield development only took
around 12 months, which is truly a great accomplishment. It shows how quickly
the energy transition can be implemented if all involved parties work focused
and hand-in-hand, and that we have found great partners for this project."

MPCES has signed a turnkey contract with the Enerland Group for the engineering,
equipment procurement, and construction of the plant. Enerland also built the
21.3 MWp solar PV plant Santa Rosa & Villa Sol in El Salvador for MPCES, which
commenced operations in early 2023 after just 12 months of construction.

Once operational, the plant is expected to generate around 141 GWh of
electricity per year. As announced in February 2023 by MPCES, the output from
the plant will be sold entirely to Ingenio Magdalena S.A. (IMSA) under a 16-year
fixed-price PPA. The IMSA Group is Guatemala's leading producer and exporter of
refined sugar. The group, which processes 6.5 million tons of sugarcane per
year, is also the largest private energy producer in Guatemala and supplies
around 8 percent of Guatemala's total energy consumption from its power
generating facilities.

MPCES will hold a webcast presenting the 2023 review, strategy update and
outlook for 2024 on Monday, 26 February 2024. There will be a Q&A session after
the presentation, and a recording of the webcast will be published on the
Company's website afterwards.

Webcast information:

Date:               26 February 2024

Time:               10:00 am CET

Duration:         60 minutes incl. Q&A

The live webcast can be accessed through the following link:
https://hca.videosync.fi/2024-02-26-mpces/register

For further information, please contact ir@mpc-energysolutions.com.

- 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