March 17, 2021
MPC Caribbean Clean Energy Limited (MPCCEL) has advised that Tila Wind Corporatión S. A. (Tilawind), the project company owning the 21 MW Tilawind wind farm in Costa Rica, was informed by Instituto Costarricense de Electricidad (Grupo ICE), the Costa Rican government-run electricity and telecommunications services provider, that the tariff for this calendar year will be reduced effective February 10, 2021.
MPC Caribbean Clean Energy Fund LLC (Fund) is in the process of assessing the commercial impact on revenues and overall asset value. Tilawind is a 100% subsidiary of CCEF ANSA Renewable Energies Holdings Limited in which the Fund holds a 50% shareholding. The Fund is the “Investment Company” in which MPC Caribbean Clean Energy Limited exclusively invests. For further details, please visit www.jamstockex.com
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein