Good Energy Increases Investment in Zapmap with Additional £1.85 Million

Good Energy ( (GB:GOOD) ) has provided an update.

Good Energy Group PLC has increased its investment in Zapmap Limited by £1.85 million through a secured convertible loan note. This investment, made from existing cash reserves, is part of Good Energy’s strategy to enhance its stake and influence in Zapmap, a company in which it already holds a 49.9% share. The investment will be disbursed in four tranches during 2025 and is part of Good Energy’s ongoing support for Zapmap, totaling approximately £9.35 million since 2019.

More about Good Energy

Good Energy is a supplier of 100% renewable power and an innovator in energy services, with long-term power purchase agreements with 2,000 independent UK generators. Established over 20 years ago, the company aims to lead the transition to a cleaner energy system, supporting one million homes and businesses to reduce carbon emissions by 2025. Renowned for its commitment to sustainability, Good Energy holds several eco-friendly accreditations.

YTD Price Performance: 30.26%

Average Trading Volume: 50,663

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £87.54M

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