Mast Energy Secures Growth Partnership and Expands Power Capacity

Mast Energy Developments PLC ( (GB:MAST) ) has shared an update.

Mast Energy Developments PLC has announced a new growth capital partnership with Powertree, which will see capital deployed into its flexible power generation projects, starting with the Hindlip Lane site. This partnership, along with a new project finance facility agreement, aims to strengthen MED’s capacity and project portfolio. Additionally, the company reported successful commissioning and commercial operation of additional power generation capacity at its Pyebridge site, significantly increasing revenue potential. The site has also qualified for new capacity market contracts, securing income until 2029, amidst rising electricity prices, enhancing its market position.

More about Mast Energy Developments PLC

Mast Energy Developments PLC operates in the energy sector, focusing on the development and operation of flexible power generation projects. The company is committed to expanding its portfolio and increasing its capacity to meet growing energy demands.

YTD Price Performance: -71.82%

Average Trading Volume: 5,222,438

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £660.8K

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