MPC Energy Solutions publishes Annual Report and ESG report for 2024
Amsterdam/Oslo – 24 April 2025 – MPC Energy Solutions (“MPCES”, “Company”) today published its Annual Report and ESG report for its financial year 2024.
Stefan H.A. Meichsner, Chief Financial Officer of MPCES, summarized the results. “I am happy to report that, after 18 months of hard work since the change on management level, we have created a solid foundation and starting point for 2025. The operating results of our portfolio have increased significantly. Overhead costs are down. We removed obligations from our balance sheet and now have a focus on clear core markets and are more disciplined in selecting promising development opportunities. With this progress and basis, we expect 2025 to be a record year for our company.”
MPCES ended the financial year 2024 with consolidated revenues of USD 11.6 million (2023: USD 9.1 million) and consolidated EBITDA of USD 3.8 million (2023: negative USD 0.7 million). The net result was negative because of significant impairment charges on certain investments and projects recognized in 2024. The Company, which has no debt on corporate level, posted an equity ratio of 41% on total assets of USD 123.6 million (2023: 56% on USD 123.1 million). The group’s consolidated cash position at the end of 2024 was USD 12.4 million (2023: USD 20.5 million).
Along with its Annual Report, MPC Energy Solutions also published its ESG Report 2024. “With the construction of our largest project to-date, a 66 MWp solar PV plant in Guatemala, we have created hundreds of jobs for the local community. Our health and safety record for our projects under construction and in operation remains stellar. In addition, we implemented CO2 emission reductions targets and improved our supply chain monitoring to ensure proper conduct and governance throughout all stages of our business”, commented Meichsner. “Our team has done an outstanding job.”
On Wednesday, 30 April 2025, MPCES will report its financial results for the first quarter of 2025.
The Company’s Annual General Meeting (“AGM”) will take place on Friday, 9 May 2025. The invitation to the AGM along with relevant agenda and voting information are available on the Company’s website (https://www.mpc-energysolutions.com/investors/annual-general-meeting).
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About MPC Energy Solutions
MPC Energy Solutions ("MPCES") develops, builds, owns and operates renewable energy assets, including utility-scale solar photovoltaics (PV) and onshore wind farms and hybrid projects, combining renewable sources and storage technologies. More details at www.mpc-energysolutions.com (http://www.mpc-energysolutions.com/)
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