Amsterdam/Oslo - 16 August 2022 - MPC Energy Solutions N.V. ("MPCES" or
"Company"), Amsterdam, will publish its Q2 2022 report tomorrow morning. The
Company develops, builds, owns and operates renewable energy projects including
solar PV, wind, hybrid and energy efficiency solutions in Latin America and
Caribbean.

"We are happy to conclude another quarter of progress. The key milestone in the
second quarter was the start of early works for the combined solar plant and
battery energy storage system in St. Kitts. Once operational, this landmark
project will be a key energy source for the nation, significantly reducing their
dependence on imported fossil fuels," said Martin Vogt, CEO of MPC Energy
Solutions.

MPC Energy Solutions also outlined the challenging environment caused by
continued supply chain disruptions and sustained high equipment prices. The
Company has been informed about localized delays from grid operators following
material shortages and longer delivery times, risking a timely connection of
plants to power grids. Delays of up to three months, depending on the respective
local situation, are anticipated, even though construction of the project assets
themselves progresses as planned.

"During the first half-year we entered a new phase of the company following our
acquisition of the operational Los Santos I, a solar PV plant in Mexico. In the
second quarter, this plant continued to perform well, and for the first half as
a whole the project generated USD 1.5 million in revenues with an EBITDA margin
of 74%, which is in line with our expectations," said Martin Vogt.

MPC Energy Solutions recorded an operating loss (EBIT) in the first half-year
2022 of USD 1.6 million (1H 2021: also negative, USD 1.7 million), and a net
loss of USD 1.8 million (unchanged from 1H 2021), reflecting that the company is
still in a build-up phase.

Given the anticipated delays and a postponement of the commercial operation date
for the Company's combined-heat-and-power plant Neol CHP in Puerto Rico, MPC
Energy Solutions reduced its full-year outlook to USD 3.5 million revenues (down
from USD 4.5 to 5.0 million compared to the previous outlook) ad USD 2.2 million
project-level EBITDA (previous: USD 3.1 to 3.5 million).

"Due to the fact that we are experiencing continued delays in obtaining grid
operator approvals for the new plant in Puerto Rico, we find it prudent to lower
our guidance. At the same time, we have officially communicated to the
responsible project partners that we expect to be held fully harmless from any
financial damages the project might incur following the delay," said Martin
Vogt.

The financial results as well as an update on the Company's projects will be
given during a conference call and simultaneous webcast for the investment
community tomorrow at 9:00 a.m. CET (see details below).

Q2 webcast and conference call information:
The Company will host a webcast on Wednesday, 17 August 2022 at 9:00 am CET.
There will be a Q&A session after the presentation, and a recording and written
transcript of the webcast will be published on the Company's website afterwards.
The live webcast can be accessed through the following link: edge.media
-server.com/mmc/p/8erp7cz2

Alternatively, participants may dial in to the webcast using the below dial-in
information:

.          Norway LocalCall Dial-In:       +47 2396 0264

.          USA LocalCall Dial-In:             +1 631 5107 495

.          UK LocalCall Dial-In:               +44 8445 718892

.          International/Toll Dial-In:      +44 2071 928000

Conference ID: 2686257

For further information, please contact ir@mpc-energysolutions.com.

- 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
assets, 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 (http://javascript:linkTo_UnCryptMailto(%27ocknvq%2CkphqBore
%5C%2Fgpgtiauqnwvkqpu0eqo%27);)

Norway

Jo Christian Lund-Steigedal

Corporate Communications AS

Phone: +47 415 08733

Email: jcs@corpcom.no

Americas
Perry Goldman

Montieth & Company
Phone: +1 (646) 8643568
Email: pgoldman@montiethco.com
United Kingdom
Andrew Berridge

Montieth & Company

Phone: +44 7925 697 215

Email: aberridge@montiethco.com