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Mast Energy Developments PLC ( (GB:MAST) ) has issued an announcement.
Mast Energy Developments PLC has announced the acquisition of exclusive rights to a portfolio of 25 MW flexible generation development projects and a new project development framework agreement. This acquisition effectively doubles MED’s current portfolio, positioning it as an early mover in the industry amidst the UK’s grid connection reforms. The agreement with Green Light Energy allows MED to acquire sites at a nominal cost, bypassing the significant premiums previously paid to third-party developers, and aims to scale the portfolio to 100 MW in the near term. This strategic move is expected to expedite MED’s goal of building a 300+ MW portfolio, enhancing its industry positioning and offering significant implications for stakeholders.
More about Mast Energy Developments PLC
Mast Energy Developments PLC operates in the energy sector, focusing on flexible generation development projects. The company is involved in developing low-carbon gas turbines, battery energy storage systems, solar, EV charging, and hybrid technology projects, with a market focus on expanding its portfolio of energy generation sites in England.
Average Trading Volume: 687,470
Technical Sentiment Signal: Buy
Current Market Cap: £10.18M
Find detailed analytics on MAST stock on TipRanks’ Stock Analysis page.