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Loop News 1 January 2020

MPC Capital AG  says it has made another important step forward to further grow its renewable energy business in Central America.

By way of a rights issue with local investors, MPC Caribbean Clean Energy successfully sold about 10 million shares, growing the equity base to about US$22 million.

MPC Caribbean Clean Energy will use the capital raised to enable investments into additional renewable energy projects in the Caribbean, it said in a statement on Friday.

The company aims to further develop and refine its renewables platform in the region, while also offering new…