Amsterdam/Oslo - 2 April 2024 - MPC Energy Solutions ("MPCES", "Company")
published its Annual Report 2023 today.

"2023 was a transitional year for our company. We connected four new projects to
the power grids in El Salvador, Puerto Rico and Colombia, significantly growing
our installed capacity.", said Stefan H.A. Meichsner, Chief Financial Officer of
MPCES. "In addition, we decided to exit several projects that no longer met our
strategic focus and return requirements. And we started several new greenfield
developments in core countries across Central America, establishing a foundation
for future growth."

MPCES today owns and operates five power-producing assets across Latin America
and the Caribbean with an aggregate capacity of around 79 MWp (proportionate
share MPCES: 66 MWp). Earlier this year, the Company commenced construction of a
65 MWp solar PV plant in Guatemala, which is expected to commence operations in
mid-2025. This project alone is expected to generate revenues of more than USD 8
million per year at EBITDA margins above 80 percent, once operational.

Now that a portfolio of five power plants is operational for a full year for the
first time in MPCES's history, Meichsner projects a significant increase in the
Company's year-on-year financial performance. "We expect revenues in 2024 to
increase to USD 12 million and project EBITDA to grow to USD 8.5 million, almost
doubling the 2023 EBITDA. In addition, cost reduction measures taken at the end
of last year will have a positive impact on our overall profitability."

For 2023, the MPCES Group reported the following key financials (consolidated):

in million USD, negative values in "()"               2023           2022
Revenue                                                9.1            3.6
Project EBITDA / EBITA                           4.4 / 1.8      2.1 / 1.1
adjusted for one-time energy trading losses      5.4 / 2.8      2.2 / 1.2
Group EBITDA / EBITA                         (0.7) / (3.3)  (2.2) / (3.2)
Total assets                                         123.1          129.0
Equity                                                69.4           75.3
Equity ratio                                           56%            58%
Free cash position                                    14.8           16.0

Along with its Annual Report, MPC Energy Solutions also published its
Sustainability Report 2023, demonstrating the Company's progress towards
becoming a regional ESG leader in Central America and the Caribbean. Both
reports are also available on the Company's website: Reports & Presentations
(mpc-energysolutions.com) (https://www.mpc-energysolutions.com/investors/reports
-presentations)

On 30 April 2024, MPCES will report on its financial results for the first
quarter 2024.

- ENDS -

About MPC Energy Solutions
MPC Energy Solutions ("MPCES") is a global provider of sustainable energy and
primarily focuses on low-carbon energy infrastructure, including solar and wind
farms, and other hybrid and energy efficiency solutions. The Company
participates in the full project lifecycle of renewable solutions, from early
-stage development through construction and operation. More details at www.mpc
-energysolutions.com

Media contacts
MPC Energy Solutions N.V.

Investor Relations & Public Relations
Email: ir@mpc-energysolutions.com

Norway

Mats Samdahl Weltz
Salto Advisers
Phone: +47 950 46330
Email: msw@saltoadvisers.no