’s latest acquisition of a wind farm in the UK appears to be slightly pricey on the surface when compared to a similar wind farm transaction that will be finalised soon in the second quarter of this year.
“It consists of 78 Siemens Gamesa 4MW turbines that have been operational since 2015. Irish investment company Greencoat Renewables PLC will pay a total cash consideration of £126mil for BR1. Nevertheless, we believe the 86% premium for TNB’s new assets is somewhat justified, given that it has locked-in long term eligibility for UK’s Feed-in-Tariff and Renewable Obligation Certificates subsidy schemes. In contrast, BRI’s eligibility for Germany’s fixed-price contract for difference expires soon in September 2024,” it added.
Meanwhile Public Investment Research said TNB’s unit Vantage RE Ltd’s total operational renewable energy capacity will grow by 23% from 433MW to 530MW soon with this latest deal.
Don't lose out to Singapore on solar and nuclear.
Why go there whenEveryone knows Malaysia has plenty of wind and solar.
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