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Mast Energy Developments PLC ( (GB:MAST) ) just unveiled an announcement.
Mast Energy Developments PLC announced that its Pyebridge 8.1 MW flexible generation power asset has secured a 15-year Capacity Market contract, significantly boosting its income. This contract, covering the period from 2029 to 2044, ensures stable, long-term revenues and reduces exposure to market volatility, with a projected cumulative total guaranteed gross profit income of approximately £8.2 million. This development is expected to enhance the company’s financial stability and market positioning, providing attractive guaranteed cashflows up to 2044.
More about Mast Energy Developments PLC
MAST Energy Developments PLC is a UK-based company specializing in the development, operation, and ownership of flexible generation power assets. The company is known for its expertise in infrastructure planning, grid access, gas access, and efficient power supply, with a strategic focus on becoming a leading AI infrastructure platform on the London Stock Exchange.
Average Trading Volume: 661,027
Technical Sentiment Signal: Buy
Current Market Cap: £32.04M
See more data about MAST stock on TipRanks’ Stock Analysis page.