MPC Capital AG, a German infrastructure investor and asset manager has commissioned a 43-MW expansion to the Monte Plata solar farm in the Dominican Republic.
Monte Plata II Solar Park Expands Capacity to 76 MW
Monte Plata II Solar Park
MPC Capital has successfully launched the Monte Plata solar farm in the Dominican Republic. This new phase will add 43 MW to the existing Monte Plata expansion bringing the total capacity to 76 MW. The project was funded through the MPC Caribbean Clean Energy Fund, established by MPC Capital.
The Monte Plata II project has secured a 15-year Power Purchase Agreement (PPA) with a utility off-taker and was completed on schedule. During construction, MPC Capital actively collaborated with the local community undertaking various initiatives to highlight the project's positive impact.
“The successful development process of Monte Plata II from the early development phase to commissioning underlines our experience and our extensive network in the Latin American market. We have a strong track record along the entire value chain, from development to financing and structuring PPAs to secure long-term cash flows. We look forward to applying these skills in our expansion into the European energy market.” said Constantin Baack, CEO of MPC Capital.
Monte Plata II to Cut 45,000 Tons of CO2 Annually
With an investment of around USD 45 million and funding from top development banks, Monte Plata solar farm is projected to produce about 67 GWh of clean energy annually and cut CO2 emissions by approximately 45,000 tons per year. This underscores MPC Capital’s dedication to enhancing its renewable energy portfolio as a key element in reaching global net-zero targets.
MPC Capital Plans to Expand Its Solar Expertise in Europe
MPC Capital is advancing its solar expertise in Europe through several strategic initiatives. The company plans to leverage its successful project management experience from the Monte Plata solar farm project to enhance operations and execution across the continent. It aims to build new partnerships with local developers, energy providers and financial institutions and is committed to investing in research and development to drive innovation and efficiency in solar technologies.
Additionally, MPC Capital seeks to diversify its renewable energy portfolio by incorporating wind and energy storage solutions and focusing on high-potential European markets like Germany, Spain, and Italy. The company also emphasizes the importance of local expertise, planning to hire regional teams to navigate market dynamics and regulations effectively.
MPC Capital is dedicated to sustainable practices including responsible material sourcing and minimal ecological impact. It will advocate for supportive policies and engage with communities to ensure local benefits from solar projects. Furthermore, MPC Capital is exploring innovative financing models such as green bonds to attract investment and support the growth of renewable energy in Europe.
Adding the Monte Plata solar farm project to its operating portfolio aligns with MPC Capital’s new strategic focus on energy and maritime infrastructure in the renewable energy sector.