Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Chariot Oil & Gas ( (GB:CHAR) ) has provided an announcement.
Chariot Limited announced that its joint venture, Etana Energy, has secured a 20-year Power Purchase Agreement for the Du Plessis Dam PV2 solar project in South Africa, marking the financial close of its first solar generation offtake project. The project, which will be constructed by Mulilo, is expected to commence in Q2 2025 and is part of Etana’s larger renewable power offtake portfolio. This milestone is significant for Etana as it positions the company to generate meaningful revenues and addresses the demand for sustainable energy solutions in South Africa, with the potential for further growth and expansion.
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 gas development projects in Morocco, renewable power solutions across Africa, and a green hydrogen project in Mauritania. Chariot aims to provide sustainable and reliable energy solutions throughout the continent.
YTD Price Performance: -30.35%
Average Trading Volume: 2,725,896
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £16.75M
See more data about CHAR stock on TipRanks’ Stock Analysis page.