MPower Group Bolsters Funds for Clean Energy Growth

MPower Group Limited (AU:MPR) has released an update.

MPower Group Limited has enhanced its financial stability by securing a new $1.5 million funding facility and extending $2.7 million in existing facilities, ensuring long-term support for its Australian clean energy asset portfolio development. The company recently commenced commercial operations at the Narromine Renewable Energy Project, marking a significant milestone in its growth. These strategic financial moves involve amended terms with Oceania Capital Partners and a new agreement with Tag Private, strengthening MPower’s working capital position.

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