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APA Group ( (AU:APA) ) has provided an announcement.
APA Group has entered into a Joint Development Agreement with CS Energy to develop the Brigalow Peaking Power Plant, a 400MW gas power station in Queensland. This project, expected to be operational by 2028, will enhance APA’s capabilities in gas-powered generation and support the integration of renewable energy. APA will lead the project and acquire an 80% ownership stake, with CS Energy maintaining a 20% stake and operational responsibilities. The project aligns with APA’s growth strategy and is part of its $2.1 billion organic growth pipeline, aiming to deliver consistent returns and energy security.
The most recent analyst rating on (AU:APA) stock is a Sell with a A$7.70 price target. To see the full list of analyst forecasts on APA Group stock, see the AU:APA Stock Forecast page.
More about APA Group
APA Group is a prominent player in the energy infrastructure sector, focusing on gas transmission and storage, gas-powered generation (GPG), and remote power generation. The company is actively involved in expanding its footprint in gas-powered generation and supporting the integration of renewable energy sources in Australia’s energy system.
YTD Price Performance: 37.74%
Average Trading Volume: 2,872,154
Technical Sentiment Signal: Buy
Current Market Cap: A$12.18B
Find detailed analytics on APA stock on TipRanks’ Stock Analysis page.