The latest announcement is out from Mast Energy Developments PLC ( (GB:MAST) ).
Mast Energy Developments PLC has announced a significant £5 million investment agreement with Powertree Holdings Ltd to fund its Hindlip power generation project. This agreement marks a milestone in MED’s growth strategy, ensuring the full funding and development of the Hindlip project, which has also secured a 15-year Capacity Market contract. Additionally, MED’s Pyebridge project has secured new Capacity Market contracts, enhancing its financial stability and operational capacity. These developments position MED as a key player in the UK’s energy transition, providing essential dispatchable power capacity to complement renewable energy sources.
More about Mast Energy Developments PLC
Mast Energy Developments PLC operates in the energy industry, focusing on the development of flexible power generation projects. The company is involved in creating a portfolio of power generation assets that are crucial for the net zero energy transition, providing dispatchable capacity to support the grid amidst increasing intermittent renewable energy sources.
YTD Price Performance: 11.76%
Average Trading Volume: 7,941,354
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £810.1K
Find detailed analytics on MAST stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com