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An announcement from Mast Energy Developments PLC ( (GB:MAST) ) is now available.
Mast Energy Developments PLC has announced the acquisition of exclusive rights to a portfolio of approximately 25 MW of flexible generation development projects. This acquisition effectively doubles the company’s current portfolio, positioning it as an early mover in the UK energy market amidst grid connection reforms. The new development framework agreement allows for scalability, with a target of reaching 100 MW in the near term, and provides a strategic advantage by securing grid connections in a challenging regulatory environment. This move is expected to expedite MED’s goal of building a portfolio of over 300 MW, enhancing its market position and operational capacity.
More about Mast Energy Developments PLC
Mast Energy Developments PLC is a company based in England and Wales, operating in the energy sector with a focus 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, strategically located in high power demand areas in England.
Average Trading Volume: 687,470
Technical Sentiment Signal: Buy
Current Market Cap: £10.18M
See more data about MAST stock on TipRanks’ Stock Analysis page.