International asset and investment manager MPC Capital, which specialises in real asset investments, has set up MPC Energy Solutions to develop and invest in renewable energy generation.
The platform will “capitalise on the growing demand for sustainable cost-competitive low-carbon energy infrastructure”, MPC Capital stated.
In a private placement directed towards institutional investors, MPC Energy Solutions raised NOK857m ($100m) in advance of its listing on the Oslo Stock Exchange’s Euronext Growth segment.
It will develop and invest in renewable energy generation; including utility-scale solar PV and wind farms, energy storage, co-generation as well as other infrastructure that helps reduce energy consumption and carbon emissions.
In line with its strategy, MPC Capital has co-invested in the company.
Matured clean energy sector
MPC Energy Solutions will cover the full life cycle of a project by implementing an integrated business model.
The company said it will serve as the owner, developer and operator of the projects, helping to ensure these meet the highest possible standards while maximising the generated returns.
The renewable projects are located mostly in emerging markets.
Martin Vogt, chief executive of MPC Energy Solutions, said: “The clean energy sector has matured materially in the past 10-15 years, but the environment is changing, and the simple deployment of solar PV and wind technology is often not sufficient anymore.
“The industry and our clients require solutions that provide around the clock low carbon, cost-competitive and reliable power supply.
“Therefore, it becomes critical to design projects that meet such demand utilising different generation and storage technologies.”