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
The latest announcement is out from Kalina Power Limited ( (AU:KPO) ).
Kalina Power Limited announced that its subsidiary, KALiNA Distributed Power, has finalized a transfer agreement with Greenlight Electricity Centre Limited Partnership and a global data center developer. This agreement involves the sale and transfer of megawatts originally allocated to KDP under the Alberta Electrical System Operator’s process. As a result, KDP received a CAD$ 1,000,000 non-refundable deposit and is entitled to an additional CAD$ 17,000,000. The transaction is a one-off sale with no ongoing corporate relationship anticipated, and the company believes this announcement contains all material information relevant to its securities’ value.
More about Kalina Power Limited
Kalina Power Limited, through its Canadian subsidiary KALiNA Distributed Power (KDP), is engaged in developing power projects in Alberta, Canada. The company focuses on providing data centers with co-located, behind-the-meter electricity from planned natural gas-fired power plants. These projects are strategically located near infrastructure to integrate carbon capture and sequestration in the future, with a potential build-out capacity of up to 1.7 GW.
YTD Price Performance: 40.0%
Average Trading Volume: 2,343,397
Technical Sentiment Signal: Sell
Current Market Cap: A$41.06M
See more insights into KPO stock on TipRanks’ Stock Analysis page.