MPC Capital expands its Caribbean renewables platform into Barbados

MPC Capital has announced the further expansion of its development and investment activities in the Caribbean and Central American region. The company, which is already active in Jamaica, Costa Rica, Panama, Trinidad & Tobago, and Colombia, has now entered the renewable energy market in Barbados.

MPC Capital has partnered with Guinea Estates Inc. for a first 5 MWp solar photovoltaic development in Barbados. The project development activities are already being performed with an aim to begin construction in 2020. Together with its local partner, the firm intends to develop additional distributed generation solar PV projects of a similar size.

MPC Capital is in advanced discussions with other local stakeholders to secure more projects for the MPC Caribbean Clean Energy Fund, MPC Capital's investment platform for renewable energies in the Caribbean and Central American region. The company aims to build a pipeline of wind and solar PV projects totaling up to 50 MW and with a total investment volume of approximately US$75-100 million over the next few years in Barbados.