RE: Everything (is more or less) in place23 Dec 2024 18:34
MAST Energy Developments PLC has announced a conditional growth capital partnership with Powertree (Holdings) Ltd, which will involve Powertree deploying capital into MAST's portfolio of flexible power generation projects. MAST has also executed an initial project finance facility agreement with Powertree regarding its 7.5MW Hindlip site. Additionally, the company has provided an update on its Pyebridge flexible power plant, including the successful commissioning of the refurbished 2nd 2.7MW genset and the site's qualification for additional new Capacity Market contracts. These developments demonstrate MAST's ability to execute on its operational plans and secure additional funding to support the growth of its portfolio.
Signed conditional growth capital partnership term sheet with Powertree (Holdings) Ltd
Executed initial project finance facility agreement with Powertree regarding 7.5MW Hindlip site
Successfully commissioned refurbished 2nd 2.7MW genset at Pyebridge, doubling site's trading revenue generation capacity
Pyebridge qualified for additional new T-1 and T-4 Capacity Market contracts