Chariot Oil & Gas (GB:CHAR) has released an update.
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Chariot Limited has secured a $100 million guarantee finance facility from British International Investment and GuarantCo to support Etana Energy’s renewable projects in South Africa. This financial backing is poised to unlock up to $500 million in new renewable energy developments, potentially adding 500MW of wind and solar power. This strategic move aligns with Chariot’s mission to expand its renewable energy footprint in Africa.
For further insights into GB:CHAR stock, check out TipRanks’ Stock Analysis page.
