MPC Energy Solutions (“MPCES”, “Company”) has signed an agreement to sell its shares in the solar PV joint venture Planeta Rica in Colombia. The closing of the transaction is pending customary closing conditions which will be finalized in the coming months.
MPCES acquired a 50% equity stake in the 26.6 MW project in 2021, partnering with Akuo Energy. The plant began operations in late 2023 and was fully commissioned in 2024.
Last year, MPCES announced that it would sell its stake in Planeta Rica and other projects as part of the Company’s plan to exit the country. The Company still operates a 12.3 MW solar PV plant in Colombia, for which it is seeking a buyer, and has already ceased and divested all its development efforts in the country over the past few months.
by Material (Silicon, CIGS, CdTe, Perovskite, Organic Photovoltaic, Quantum Dot), Component (Modules, Inverters, BOS), Installation Type (Ground-mounted, Building-integrated, Floating), Cell Type and Region
Download free sample pagesMPCES, its joint venture partner and the buyer have decided not to disclose financial details of the transaction.
