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Chariot Oil & Gas ( (GB:CHAR) ) just unveiled an announcement.
Chariot Limited announced that its South African electricity trading platform, Etana Energy, has secured a US$55 million guarantee finance facility and up to US$20 million in equity investment from Standard Bank and Norfund. This funding will support Etana’s growth and enable the financial close of renewable projects, including a solar generation project. The investment underscores the platform’s potential to deliver competitive, low-carbon energy solutions across South Africa, enhancing Chariot’s position in the transitional energy market.
More about Chariot Oil & Gas
Chariot Limited is an Africa-focused transitional energy group with three main business streams: Transitional Gas, Transitional Power, and Green Hydrogen. The company is involved in high-value, low-risk gas development projects in Morocco, aims to provide sustainable energy and water solutions across Africa through renewable power, and is working on green hydrogen projects in Mauritania and Morocco.
YTD Price Performance: -30.35%
Average Trading Volume: 2,725,896
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £16.75M
Find detailed analytics on CHAR stock on TipRanks’ Stock Analysis page.