Mast Energy Developments PLC (GB:MAST) has released an update.
Mast Energy Developments PLC has reported a record revenue for September 2024 at approximately £86,000, a 12% increase from the previous month, with their Pyebridge asset already cashflow positive and outperforming market electricity prices by 49%. The company is also making progress on a refurbishment program to reach full capacity of 8.1MW, aligning with the UK’s shift away from coal power. MED’s growth strategy includes securing asset-level finance to expand their portfolio to over 300MW.
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