Torsdag 31 Oktober | 11:08:03 Europe / Stockholm

Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande

Prenumeration

Kalender

Tid*
2024-10-31 - Kvartalsrapport 2024-Q3
2024-08-20 - Extra Bolagsstämma 2023
2024-07-31 - Kvartalsrapport 2024-Q2
2024-04-30 - Kvartalsrapport 2024-Q1
2024-04-18 - Årsstämma
2024-04-12 - X-dag ordinarie utdelning MPCES 0.00 NOK
2024-04-02 - Bokslutskommuniké 2023
2023-10-26 - Kvartalsrapport 2023-Q3
2023-07-31 - Kvartalsrapport 2023-Q2
2023-06-26 - X-dag ordinarie utdelning MPCES 0.00 NOK
2023-04-27 - Kvartalsrapport 2023-Q1
2023-04-18 - Årsstämma
2023-03-31 - Bokslutskommuniké 2022
2022-11-03 - Kvartalsrapport 2022-Q3
2022-08-17 - Kvartalsrapport 2022-Q2
2022-06-24 - X-dag ordinarie utdelning MPCES 0.00 NOK
2022-06-23 - Årsstämma
2022-04-28 - Kvartalsrapport 2022-Q1
2022-04-20 - Bokslutskommuniké 2021
2021-11-30 - Kvartalsrapport 2021-Q3
2021-08-31 - Kvartalsrapport 2021-Q2
2021-07-01 - X-dag ordinarie utdelning MPCES 0.00 NOK
2021-06-30 - Årsstämma
2021-05-31 - Kvartalsrapport 2021-Q1
2021-04-30 - Bokslutskommuniké 2020

Beskrivning

LandNederländerna
ListaEuronext Growth Oslo
SektorEnergi & Miljö
IndustriEnergikällor
MPC Energy Solutions är verksamma inom energisektorn. Bolaget är en global leverantör av hållbara energilösningar och fokuserar främst på infrastruktur, inklusive sol- och vindtillgångar, samt övriga hybrid- och energilösningar. Bolaget är verksamma genom hela projektets livscykel för förnybara lösningar, från tidig utveckling till konstruktion och drift. Den huvudsakliga affärsverksamheten är att utveckla, konstruera, äga och driva förnybara energitillgångar. Störst verksamhet återfinns inom Europa.
2023-11-17 08:46:17
Amsterdam/Oslo – 17 November 2023 – MPC Energy Solutions (“MPCES”, “Company”) has announced that it is in the process of returning USD 10.8 million in free cash from its hybrid solar photovoltaics (“PV”) and battery storage project on the island of St. Kitts and Nevis. The project is a joint venture with Swiss battery expert Leclanché.  The transaction is expected to be concluded in the coming days and MPCES will subsequently exit the joint venture and the project.

MPCES will recover at least USD 10.8 million of its invested capital. The return of funds significantly improves the Company’s free cash reserves and allows MPCES to focus its resources towards higher-yielding activities. 

“We need to remain focused on delivering adequate risk-adjusted returns and optimizing our portfolio. When evaluating our projects, we put emphasis on resilience against changing dynamics, last but not least to a significantly different interest rate environment”, said Stefan H.A. Meichsner, Chief Financial Officer of MPCES. 

He continued, “With the repatriated funds we are now able to pursue investment opportunities which we believe in the long run to provide greater value for our shareholders.”

With regards to MPCES’ experience in St. Kitts and Nevis, Stefan H.A. Meichsner said, “Our exit is by no means a reflection of our commitment to the Caribbean and our willingness to help the needed energy transition. The project has a lot of merits and advantages, and we wish all parties involved a swift and decisive progress towards realizing it and bringing clean and affordable energy to the people of St. Kitts.” 

As a potential consequence of the project exit, the Company predicts short-term net losses to not exceed USD 3.0 million, whilst at least USD 10.8 million will be recovered. In due course, MPCES will make any further required disclosures concerning the financial impact of its withdrawal from St. Kitts and Nevis. However, the firm is working to minimize these. 

Meichsner elaborated. “We now have the ability to pursue alternative prospects and protect our company’s and shareholders’ overall interests. Exiting the project provides us with an opportunity to refocus our engagement, and we will grasp that opportunity.”


- 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