Invest clean

MPC Caribbean Clean Energy Ltd. (the Company) is a Caribbean-based investment company which was established in 2017 with the clear vision to enable private and institutional investors from Jamaica and Trinidad and Tobago to invest through the Company into one of the few investment funds which invests in renewable energy projects in Jamaica, Trinidad and Tobago and the wider Caribbean region: the MPC Caribbean Clean Energy Fund  LLC (the Investment Company or the Fund). The audited financial statements of the Investment Company are available to shareholders upon request.

The Company is registered in Barbados and publicly listed on the Jamaica Stock Exchange as well as the Trinidad and Tobago Stock Exchange. The clean energy investment specialist MPC Renewable Energies (MPC), a 100% subsidiary of the publicly listed German asset and investment manager MPC Capital, has initiated the Company and the Investment Company based on its extensive renewable energy experience worldwide and after deep research and analysis of the Caribbean market.

MPC Caribbean Clean Energy Limited Code of Conduct

MPC Caribbean Clean Energy Limited Corporate Governance Policy 

MPC Caribbean Clean Energy Limited Corporate Disclosure Policy

MPC Caribbean Clean Energy Limited Remuneration and Audit Committee Charter 

Invest into significant growth potential

MPC Caribbean Clean Energy Ltd.  invests directly into the Investment Company which is one of a few investment funds specializing in clean energy in the Caribbean.

Today the Caribbean region relies on fossil fuel imports and has correspondingly high electricity prices. With marked growth in the demand for energy, renewable energy sources are increasingly becoming an economical form of new electricity generation. Significant growth potential also exists for energy efficiency and energy storage.

Therefore the Caribbean region has great potential to offer an attractive investment opportunity to the Investment Company for the benefit of its investors. 

MPC’s vision is to become the leading investor for renewable energy in the Caribbean region, delivering new energy and attractive investments to it´s people. 

According to CARICOM’s Sustainable Energy Roadmap, its 15 members aim to install 5.3 Gigawatt of clean energy over the next ten years, requiring USD 8.4 billion, while MPC’s overall target region offers a multiple of this opportunity.

The MPC investment advisory team has already identified a broad pipeline of renewable energy projects in the Caribbean for the Investment Company which would significantly reduce the carbon footprint of preexisting power generation assets in the Caribbean region while matching  investors’ return expectations.

Renewable and clean energy is not only a must for our future but has also great investment potential. MPC’s mission is to bring renewable energy to the Caribbean and the Caribbean people and thereby accelerating positive environmental and social impact.  The MPC investment advisory team has built extensive networks for proprietary deal origination and co-investment, a deep pipeline of projects, strong global strategic relationships and has demonstrated the ability to raise and deploy capital.

Board of the company

Gerard A. Borely   

Gerald A. Borely has been appointed chairman of the board of directors of the Company. He is a Qualified Fellow of the Association of Certified Chartered Accountants (United Kingdom) and a Registered member of the Institute of Chartered Accountants of Trinidad and Tobago.
Gerard is currently the CEO of Caribbean LED Lighting Inc. and has had a distinguished career wherein he has held the following posts:

• CEO Barbados, Eastern Caribbean, British Virgin Islands & the Turks Caicos Islands
• CFO LIME / Cable & Wireless Caribbean Operations
• Managing Director – Corporate Banking at CIBC FirstCaribbean International Bank
• Chief Financial Officer (FirstCaribbean International Bank Limited)
• Manager – Assurance, Advisory and Business Services (AABS), Ernst & Young (Trinidad)

During his career, Gerard has held the following directorships:
• Director/Chairman of Audit Committee for Bahamas Telecommunication Company
• Director, Telecommunications Services of Trinidad and Tobago
• Director, FirstCaribbean International Bank (Jamaica) Limited
• Director, FirstCaribbean International Bank (Barbados) Limited

Mark Hart J.P.

Mark Hart is currently the Executive Chairman of Caribbean Producers (Jamaica) Limited, which is listed on the Junior Market Jamaica Stock Exchange (JSE), having previously served as its Chief Executive Officer from 2004 until early in 2011 and is also the founding and controlling shareholder of that company.

Mark began his career as the Managing Director of the Hart family’s group of companies in 1982, eventually becoming Chairman and Chief Executive Officer in 1997.  Mark serves as Chairman of Cargo Handlers Limited, another JSE Junior Market listed company and Montego Bay Ice Company Limited, a JSE Main Market listed company. Mark is a graduate of the University of Miami where he gained a Bachelor of Science degree in History and Motion Picture Film Production. He has also completed a program in Executive Education with focus on accounting and planning at Columbia University of New York.

Mark served as Chairman of the Airports Authority of Jamaica from 2007 - 2012 and he is currently a member of the boards of The We Care of Cornwall Regional Hospital, NMIA Airports Limited, The Port Authority of Jamaica, Montego Bay Freezone Company Limited, The Bank of Nova Scotia Jamaica Limited, Scotia Group Jamaica Limited, and Alpha Angels Investor Group. In the past he has served as a Director of JAMPRO, Dehring Bunting and Golding Limited (now Scotia Investments Limited), the American Chamber of Commerce of Jamaica, the Montego Bay Chamber of Commerce, First Life Insurance Company, Island Victoria Bank, The Tryall Club, Montego Bay Yacht Club, amongst others. 

Alastair Dent

Alastair Dent is a chartered accountant whose career has spanned Ernst & Young Barbados in various capacities and ultimately as one (1) of its audit partners. Alastair also had an intervening appointment as the Chief Financial Officer of London Life and Casualty Reinsurance Corporation during the continuum of his tenor at Ernst & Young.
In 2016 Alastair established his own audit firm, Orion Consulting Inc.

Alastair is also an Associate Member of ICAEW, a Fellow of Institute of Chartered Accountants of Barbados (ICAB) and was a Member of ICAB Accounting and Auditing Standards Committee from 1999 to 2011.

Steven Marston 

Steven Marston is the Chairman and CEO of CAC 2000 Limited. Steven has worked in the air conditioning and energy business for over 32 years. He is an engineer with a BSc. in Environmental Engineering (HVAC) from University of Strathclyde (1980) and MSc. in Energy Management and Policy from University of Pennsylvania (1984). He is also a graduate of the Owner President Management Program at Harvard Business School in 2009.

Steven worked in the renewable energy field for 10 years (Ministry of Mining and Energy and Petroleum Corporation of Jamaica) and installed many of the initial solar systems in hospitals and hotels. He also worked in the sugar industry and installed a hydrous ethanol plant at Bernard Lodge along with other improvements that quickly made it one of the most efficient sugar factories in Jamaica. He then went on to work as an energy consultant before being asked by ICD to take over the failing CAC and not only restored it to become Jamaica’s largest HVAC company, while also helping to lead the construction arm of the Mechala Group, before leading a management buyout of CAC. Over the course of his tenure the company has achieved significant growth and development guided by his vision, experience and expertise and he led the company to a successful listing on the Junior Market of the Jamaica Stock Exchange - the first, and still only, construction company to do so.

CAC continues to flourish under his leadership but he is also working assiduously on regional expansion, large projects and commercial energy solutions with the intention of making CAC the largest HVAC and alternative energy business in the Caribbean.


Guardian Nominees (Barbados) Limited  

Guardian Nominees (Barbados) Limited is a corporate director appointed by the Company in the interest of continuity on the board and also in order to facilitate board meetings in Barbados.

José Fernando Zúñiga Galindo

Executive Director nominated by the sole Class A shareholder MPC Clean Energy Ltd.
Mr. Zúñiga is Director Central America & Caribbean of MPC Renewables Panama S.A. and based in Panama City, Panama, and responsible for the business development as well as supporting the origination and asset management.

Mr. Zúñiga has more than 10 years of experience in renewable energy with a strong focus on solar PV and the development and construction phase of renewable energy projects. In the past, he worked on over 2 GW of renewable energy projects with approximately 800 MW of development and asset management of solar PV in Latin America.



Managing Director, Head of Origination, Renewable Energy
MPC Renewable Energies GmbH

Martin Vogt is responsible for originating, structuring and executing of cross-border renewable energy transactions. He has performed M&A transactions for over 2 GW and successfully completed project financing for over 500 MW of renewables. Martin holds a Master of Technical and Commercial Management with focus on Energy & Resources.

Martin joined MPC Renewable Energies GmbH in 2014. Previously, he was Vice President at Global Capital Finance.

Managing Director, Head of Asset Management, Power & Renewable Energy
MPC Renewable Energies GmbH

David Delaire is responsible for the implementation and operation of projects. David has over 25 years of experience in energy infrastructure project management and more than 11 years in renewables and emerging markets. Previously, he was in senior management roles in leading renewable energy companies including Natural Power (Director of Asset Management), GE Wind (Wind Maintenance Coordinator Southern Europe), Eolfi (CTO) and Greensolver (COO).

David holds a Master of Business Administration with focus in Management and a Bachelor of Electrical Engineering. He joined MPC Renewable Energies GmbH from DD Energy Services, where he served as Managing Partner.

Director, Central America & Caribbean MPC Renewables Panama SA

Fernando Zúñiga is responsible for the business development as well as supporting the origination and asset management. Fernando has more than 9 years of experience in renewable energy with a strong focus on solar PV and the development and construction phase of renewable energy projects.

He joined MPC Renewables Panama SA in 2017. In the past, he worked on over 2 GW of renewable energy projects with approximately 800 MW of development and asset management of solar PV in Latin America.





Investor Relations

Shareholder Centre

Company Name


Symbol (Ticker)


Issued Share Capital (USD)


Financial Year End


Listing Date

Jamaican Stock Exchange

JSE Main Market

Jamaican Stock Exchange

JSE USD Equity Market

Trinidad and Tobago Stock Exchange

TTSE USD Equity Market



Annual General Meeting 2019

17th of June, 2019,  Accra Beach Hotel & Spa, Christ Church BB 15139, Barbados, West Indies

Top 10 Shareholdings as at March 31, 2019





Teachers Credit Union Co-Operative Society Limited




Sagicor Pooled Equity Fund




Caribbean Clean Energy Feeder Limited 




Development Bank of Jamaica Limited




 Sagicor Balanced Fund




 JNBS Pension Trustees Nominee Limited




 Sagicor Equity Fund




Financial & Advisory Services Limited




JN General Insurance Company Limited




JN Individual Retirement Scheme




Financial Calendar

14 November 2020
Quarterly financial statements 

14 August 2020
Quarterly financial statements 

15 May 2020
Quarterly financial statements 

31 March 2020
Annual report for the year of 2019

14 February 2019           
Fourth quarter unaudited financial statements ended December 31, 2018

31 March 2019
Audited annual financial statements for the year of 2018

30 April 2019
Annual report for the year of 2018 

15 May 2019
First quarter unaudited financial statements ended March 31, 2019

17 June 2019
Annual General Meeting

14 August 2019
Second quarter unaudited financial statements ended June 30, 2019

14 November 2019
Third quarter unaudited financial statements ended September 30, 2019

Investments of Investment Company

Paradise Park

In June 2018, the Investment Company acquired a shareholding (indirect) in “Paradise Park” (also known as Eight Rivers Energy Company), a 51 MWp solar park in Jamaica.  Paradise Park secured limited-recourse project finance amounting to approximately USD 50 million from the French development bank, PROPARCO, and the Dutch development bank, FMO in June 2018. The construction of the solar park began in September 2018 and was commissioned in June 2019. Paradise Park is the largest photovoltaic power plant and the cheapest producer of energy in the island nation.

Project name

Paradise Park




Fixed ground-mounted solar PV park with c. 50 MWp capacity

Energy Production

Yearly output: 82,000 MWh

Investment Start

Q1 2018

Construction Period

Q2 2018 –  Q2 2019

Total Investment

Approx. USD 64 million


The second investment of the Investment Company is the operational 21 MW wind farm Tilawind, located in Tilarán in the Guanacaste province, Costa Rica. With a wind turbine capacity factor of 45%, Tilarán represents an excellent location for the wind farm, which has been operational since 2015 and has the potential to expand its capacity to 40 MW in the future. 

Project name



Costa Rica


Onshore wind farm with c. 21 MW capacity

Energy Production

Yearly output: 81,300 MWh (P50)

Investment Start


Total Investments

Approx. USD 50 million


ANSA McAL Limited


Renewable Energies in the Caribbean

Energy, Oil & Gas, page 37: Funding the future      

Jamaica Observer: MPC Caribbean US$22.8M rights issue extended

UN environment program:  Latin America and the Caribbean could save USD 621   

Taking Stock; Interview with David Delaire

Loop: UCC seeks to reduce energy costs with MPC Capital partnership     

Jamaica Gleaner: MPC To Power Two Colleges 

Trinidad & Tobago Newsday: Latin America, C'bean's fight against climate change   

Jamaica Observer: 100% renewable power in Jamaica possible   

Pensions&Investments: Byliner by Martin Vogt     

TTT Live Online: Interview with Martin Vogt

Jamaica Loop: Jamaicans urged to invest in resilient solar power   

Power Engineering:  IRENA report: Latin America, Caribbean on brink of solar surge

Renewable energy boosting Jamaica's development     

Jamaica Information Service: PM Calls On Developed Countries To Fulfil Commitments With Climate Financing

The Gleaner: Championing Sustainable Development Goals

Loop: MPC Clean Energy gained 20 per cent last trading week

Loop: MPC: T&T can profit from removing electricity subsidy

Jamaica Observer:  Operations start for Paradise Park solar farm 

StLucia Star: Energy Financing: How renewables are attracting FDI

Jamaica Observer: JPS ready to welcome more renewable electricity providers

JIS: PM Says Government Is Fully Committed To Investing In Cleaner Energy Sources

Jamaica Gleaner: MPC Board Approves Plans For Rights Issue

Real Assets Advisor: Latin and island fever: Central America and the Caribbean are ripe for renewable infrastructure investing

Trinidad & Tobago Newsday: Invest in Caribbean’s future

The Energy Chamber: MPC Caribbean Clean Energy announces dividend distribution after 9 months

MPC Capital signe un protocole d’entente avec la Fondation Mico pour une installation solaire sur le toit

Jamaica Gleaner: MOU Signed To Improve Energy Efficiency At Mico  

Jamaica Gleaner: MPC Clean Energy Considers Rights Issue

WIG reports 110% increase in first quarter net profit

Nationnews: US pledges to support alternative energy projects in the Caribbean

More renewable projects for tender this year 

MPC Capital's- Paradise Park starts energy production

iPolitics: Feds pledge $223.5 million to help countries in Latin America, the Caribbean slash emissions

Loop: 31,000 Jamaicans will own Wigton shares

Caribbean News Now: Renewables to become the norm for the Caribbean


Newsday: On the road to renewable energy - Govt stands by 2021 plan

Jamaica Observer: Paradise Park Solar Farm to be ready by summer

Renewable Energy World: The Caribbean’s Untapped Renewable Energy Potential By Martin Vogt

Listing of MPC Caribbean Clean Energy in Jamaica
Video of Listing Ceremony /Speech David Delaire 

Jamaican Gleaner: Region Must Act Now Against Climate Change – PM

Newsday: Renewable energy proposals due next month

Bloomberg: Clean Energy Investment Exceeded $300 Billion Once Again in 2018

Jamaica Stock Exchange:
MPC Caribbean Clean Energy Limited, the First Main Market Jamaican Dollar and US Dollar Listing for 2019

Daily Express: US$ equity on T&T Stock Exchange

Trinidad & Tobago Newsday: Energy boost

Trinidad & Tobago Newsday: MPC Capital investing million$ in energy parks

Jamaica Observer: MPC Caribbean Clean Energy raises US$11 million from IPO

Firstline Securities Limited: Firstline´s Review: The MPC IPO 

Trinidad Daily Express: Clean energy firm targets US$50m in IPO

The Gleaner: Jamaica Leads The Caribbean In Renewable Energy (with David Delaire from MPC)

Lazard releases cost of renewable energies report

Renewable Energy Caribbean: the Status of Renewable Energy in the Caribbean

RJR Online: MPC Caribbean Clean Energy makes IPO

Loop News:

The Gleaner:  MPC Caribbean Set For US$50m Listing In Two Markets

Bloomberg: Developing Nations Assume Mantle of Global Clean Energy Leadership

Renewable Energy World: Solar and Wind Now the Cheapest Power Source Says BloombergNEF

T&T Express: German firm seeks solar power in T&T

Climate change dialogue to be held in Grenada

IDB to invest USD 300m in Caribbean 

The Gleaner: Jamaica to target 50 per cent renewable energy generation 

Press Coverage MPC Renewable Energy Forum

Newsday - Opportunities in renewable energies

The Guardian - MPCs tackling the transition towards RE

Trinidad Daily Express - T&T´s transition to renewable energy - by Martin Vogt

Daily Herald: T&T’s largest conglomerate invests in Costa Rica wind park

Global Energy News - Benefits and Challenges of Renewable Infrastructure investing in the Caribbean

Bloomberg New Energy Finance - MPC Capital eyes Solar in Jamaica 

Ground broken for US$60-m solar-powered plant in Westmoreland

The Western Mirror - major energy project for Westmoreland

Pensions Investment - Commentary by Roman Rocke - Real opportunity in niche real assets

Bloomberg NEF - Q&A with MPC Capital


Contact for more information

MPC Caribbean Clean Energy Limited

Suite 1, Ground Floor, The Financial Services Centre
Bishop’s Court Hill
St. Michael, Barbados, BB14004


Contact for Investor Relations

MPC Caribbean Clean Energy Limited

Suite 1, Ground Floor, The Financial Services Centre
Bishop’s Court Hill
St. Michael, Barbados, BB14004