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

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.