- Transaction was approved by the shareholders of MPCES in December 2025
- Sale of two projects now completed
- Total divestment proceeds of USD 28.3 million, of which USD 2.2 million will be held in escrow until cleared
MPC Energy Solutions NV ('MPCES') has concluded the sale of two solar PV plants in El Salvador and Guatemala. The agreement to sell the two projects – referred to as Project Merlin – was signed in November of last year and the sale was approved by the Company’s shareholders in December 2025.
Following the successful start of operations of the plant in Guatemala in mid-July and the fulfilment of other pre-closing conditions, MPCES was now able to conclude the transaction. The total divestment proceeds, including preliminary closing adjustments, amount to USD 28.3 million. An amount of USD 2.2 million of these proceeds related to post-closing milestones and the finalization of the transaction closing accounts was deposited in escrow and will possibly be collected by MPCES later this year.
Source: MPC Energy Solutions
