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Genesis Energy Limited ( (DE:1G6) ) has provided an announcement.
Genesis Energy and FRV Australia have mutually agreed to dissolve their solar development joint venture, while maintaining their co-ownership of the Lauriston solar farm. This decision aligns with the strategic evolution of both companies and highlights Genesis’s growing development capabilities. Genesis continues to focus on its Generation Development Programme, which includes various solar, wind, and geothermal projects aimed at increasing renewable energy output and reducing reliance on gas generation. The company is also reviewing recent government electricity market recommendations to align its Gen35 strategy with national energy goals.
More about Genesis Energy Limited
Genesis Energy Limited operates in the energy sector, focusing on the development and management of renewable energy projects, including solar, wind, and geothermal power generation. The company is committed to transitioning towards more sustainable energy solutions and enhancing the flexibility of its hydro generation capabilities.
For an in-depth examination of 1G6 stock, go to TipRanks’ Overview page.