MPCES to co-invest in Leclanche's solar-storage project in St Kitts and Nevis

Amsterdam-based sustainable energy company MPC Energy Solutions NV (FRA:5IX) said that it will invest as a minority partner in a solar-plus-storage plant project developed by Swiss battery maker Leclanche SA (SWX:LECN) in the Caribbean nation of Saint Kitts and Nevis.

Leclanche’s Green Power Plant project on the island of Saint Kitts will integrate a 35.7-MWp solar PV farm and a 45-MWh battery energy storage system (BESS) to deliver 18.2 MW of baseload power.

The green energy outfit, also known as MPCES, has acquired a 40% stake in the project’s holding company, in which Leclanche owns 60%, it said.

The project involves an investment of around USD 74 million (EUR 65.4m). MPCES said that it will invest up to USD 17 million.

Leclanche, the EPC contractor for the project, broke ground at a site near the nation’s capital Basseterre in December 2020. At the time, the Swiss company said the hybrid solar-plus-storage plant would be the largest facility of its kind in the Caribbean.

The system will operate under a 20-year power purchase agreement with the island's utility St. Kitts Electric Company (SKELEC).

“We in MPC Energy Solutions are happy and proud to be part of this important initiative through the development of this significant PV and battery project near the country’s capital. The project will cover one-third of St. Kitts baseload needs for the next 20-25 years while reducing the carbon dioxide emissions by more than 740,000 metric tonnes.” said CEO Martin Vogt.

(USD 1.0 = EUR .0883)

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