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MPower Group Limited ( (AU:MPR) ) has provided an announcement.
MPower Group Limited announced the conversion of a $10 million project funding facility for the Narromine Renewable Energy Project into project equity, transferring 100% equity to AMPYR Distributed Energy, subject to Foreign Investment Review Board approval. This transaction will extinguish all related funding costs and is expected to result in a financial gain for MPower. The company continues to enhance its project development pipeline, engaging with stakeholders to boost its portfolio of hybrid renewable energy assets and improve existing projects, such as the solar and battery project at Lakeland, Queensland.
More about MPower Group Limited
MPower Group Limited is a specialist company in the renewable energy industry, focusing on battery storage and microgrid solutions. It designs, constructs, and manages renewable energy projects, with a strategic emphasis on hybrid renewable energy assets connected to distribution networks.
Average Trading Volume: 328,717
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.75M
For detailed information about MPR stock, go to TipRanks’ Stock Analysis page.
