KUALA LUMPUR, April 4 — Tenaga Nasional Bhd’s wholly-owned subsidiary, Vantage RE Ltd has completed its acquisition of a 100 per cent stake in a 97.3MW onshore wind portfolio in the United Kingdom from a number of funds advised by Capital Dynamics for GBP145.9 million .
This additional onshore wind capacity will diversify Vantage RE’s existing RE technology mix and improve the balance of its portfolio’s electricity generation profile throughout the year. He said the strategic acquisition of additional operational assets that were underpinned by subsidy regimes would also allow TNB to fully benefit from stable revenues and build financial resilience to weather the economic challenges aggravated by Covid-19.
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