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Mast Energy Developments PLC ( (GB:MAST) ) has issued an update.
Mast Energy Developments PLC announced significant progress in the construction of its Hindlip 7.5 MW flexible generation power site, which is fully funded in partnership with Powertree. Key developments include securing a grid connection, selecting MTU (Rolls Royce) engines, and planning to commence full construction in September 2025, with commercial operations expected by Q2 2026. The site is expected to generate substantial income through a 15-year contract and other benefits, aligning with MED’s strategy to build a 300+ MW portfolio.
More about Mast Energy Developments PLC
Mast Energy Developments PLC is a company incorporated in England and Wales, focusing on flexible generation power sites. The company is engaged in developing a portfolio of energy projects, with a market focus on enhancing the UK’s energy security through flexible generation solutions.
Average Trading Volume: 691,970
Technical Sentiment Signal: Hold
Current Market Cap: £12.12M
Learn more about MAST stock on TipRanks’ Stock Analysis page.