MPC Energy Solutions sells its stake in the Planeta Rica solar project in Colombia

MPC Energy Solutions has signed an agreement to sell its stake in the Planeta Rica solar project in Colombia. The transaction is expected to close by the end of 2025.

Share:

MPC Energy Solutions (MPCES) announced on July 9, 2025, that it has signed an agreement to sell its stake in the Planeta Rica solar project in Colombia. The closure of the transaction is subject to certain conditions and is expected to be completed by the end of 2025.

Acquired in 2021, the 26.6 MW project saw MPCES partner with Akuo Energy in a joint venture. The plant began operations at the end of 2023 and was fully commissioned in 2024. This sale is part of MPCES’s strategy to withdraw from the Colombian market, a decision the company announced the previous year.

Although the sale of Planeta Rica is progressing, MPCES still operates a 12.3 MW solar plant in Colombia, for which it is currently seeking a buyer. Additionally, the company has ceased all its development activities and divested its projects in Colombia over the past few months. The parties involved have chosen not to disclose the financial details of the transaction.

This move is part of MPCES’s strategic refocus, as the company now looks to concentrate its efforts on other markets considered to be more promising for its long-term future.

MPCES’s exit from the Colombian market

The sale of its stake in Planeta Rica marks a turning point for MPCES in Colombia. In 2024, the company had already announced its intention to gradually withdraw from the country. This withdrawal was accompanied by the divestment of other ongoing projects and the suspension of any new local development initiatives.

Currently, MPCES continues to operate its 12.3 MW plant, but the company has clearly indicated its willingness to sell this remaining asset. This shift highlights its strategic realignment, aiming to strengthen its presence in geographical areas it considers more strategic for its development.

The financial details of the transaction

The financial terms of the sale have not been disclosed by the parties involved. However, the decision to keep the transaction amount confidential aligns with common practices in the renewable energy sector, particularly for projects at this stage of their development.

MPCES, whose strategy to withdraw from Colombia is intensifying, now appears to be focusing its efforts on more targeted investments in regions offering better long-term profitability potential.

Investment fund KKR is committing $335mn in a strategic partnership with CleanPeak Energy to accelerate the rollout of solar, storage and microgrid solutions aimed at Australian businesses.
Bluebird Solar is initiating a significant investment plan in Greater Noida to increase its production capacity to 2.5 GW and integrate automated lines powered by artificial intelligence.
TotalEnergies ENEOS has commissioned a 680-kilowatt photovoltaic facility at TechnipFMC’s Johor Bahru site, supplying 20% of the factory’s energy needs under an 18-year power purchase agreement.
Voltalia has been selected for the construction of two photovoltaic plants in Ireland, totalling 92.9 megawatts, further strengthening its presence in the country’s solar infrastructure market.
The latest report from the International Renewable Energy Agency confirms the cost superiority of renewables, but highlights persistent challenges for grid integration and access to financing in emerging markets.
EDP Renewables North America and California Water Service have entered into a 20-year agreement to supply solar energy to a strategic Bakersfield site, reducing grid energy costs by about $1.7mn over the contract duration.
Solar growth in the European Union is seeing its first annual contraction in ten years, following reduced subsidies and shifting budget priorities in several member states.
Scatec secures the development of a 846 MW photovoltaic cluster in the Free State province, with an investment of ZAR13bn ($735mn), following the seventh round of South Africa's REIPPPP programme.
Enbridge invests $0.9bn in a 600 MW solar facility in Texas, fully dedicated to powering Meta Platforms, Inc.'s data centres through a long-term power purchase agreement.
ENGIE has announced the acquisition of 22 distributed solar projects in Pennsylvania, further strengthening its renewable energy expansion strategy while supporting the local economy and enhancing the reliability of the distribution grid.
Estuary Power commissions the Escape Solar and Storage project in Nevada, integrating 185 megawatts of solar capacity and securing enhanced financing from institutional investors to supply electricity to several major players in the leisure sector.
New anti-dumping tariffs and Foreign Entity of Concern (FEOC) restrictions are disrupting the US solar supply chain, while ongoing dependence on China exposes the industry to significant risks, according to Wood Mackenzie.
Sri Lanka and the International Solar Alliance (ISA) have signed a strategic partnership to accelerate solar energy deployment in the country, aiming for 70% renewable energy by 2030.
Sunrun announced the pricing of its $431 million securitization, involving leases and power purchase agreements. This marks the company’s 14th public securitization and its third of 2025.
Resalta has completed the acquisition of Statkraft’s Croatian platform, expanding its presence in renewable energy across Eastern Europe, with a portfolio of projects and a full local team.
Gaia Renewables 1 has acquired a 10% stake in two solar power plants in the Northern Cape, following regulatory approval and financial close, strengthening its portfolio of independent assets.
Dutch firm Gutami Holding has signed a 25-year agreement with Burkina Faso and national utility SONABEL for a 150 MW solar project with 50 MW storage, valued at over €100mn ($109mn).
SOFAZ acquires 49% of a 14-plant solar portfolio held by Enfinity Global in Lazio and Emilia-Romagna, reinforcing its long-term stable investment strategy.
Entech spent €1.4mn to acquire a portfolio of photovoltaic projects under development across southern and central France, marking a first move in its external growth strategy following a recent capital increase.
A guarantee operation orchestrated by the World Bank targets the expansion of distributed energy solutions across nearly twenty African markets, involving a project portfolio led by CrossBoundary Energy and a financial collaboration with Standard Bank South Africa.