MPC Caribbean Clean Energy refinances loan for Tilawind project
ST. MICHAEL, Barbados – 9 January 2023 – MPC Caribbean Clean Energy Limited has announced today that refinancing for the Tilawind project has been finalized. Tilawind is an operational wind park in Costa Rica that is held by the MPC Caribbean Clean Energy Fund (the Investment Company of the regionally publicly listed MPC Caribbean Clean Energy Limited).
The new loan agreement was finalized with Banco Nacional and features a lower interest rate, a lower reserve balance and an improvement on repayment schedule.
Gözde Kurusoy, Director of Banking and Finance for Renewable Energies at MPC Capital, said: “With the improvement on the existing loan terms and conditions, we are able to increase the projected yield for investors. This again shows our active management of the assets and our strong commitment to support the energy transition towards a low carbon economy in the region.”
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About MPC Caribbean Clean Energy Ltd
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). More details at www.mpc-cleanenergy.com
MPC Caribbean Clean Energy Ltd.
St. Michael, Barbados, BB14004
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