Active Energy Group Plc·Industrials

Active Energy Group PLC (AIM:AEG, OTCID:AEUSF), the digital infrastructure company, has completed the acquisition of the Ghummud grid connection asset in Abu Dhabi. The asset comprises a 3.5 megavolt-ampere (MVA) live grid connection with an active transformer and associated electrical infrastructure, providing approximately 2.975 megawatts of immediately available power capacity.

Active Energy Group PLC (AIM:AEG, OTCID:AEUSF) said it is accelerating operations in the United Arab Emirates, with a senior manager deployed immediately to oversee project delivery and expansion. The developer of energy and data infrastructure projects said its 8 megawatt energy and digital infrastructure site remains on track for completion by the end of April, with work focused on energisation and preparing the site for commercial use.

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Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) has moved to deepen its Abu Dhabi power infrastructure push, agreeing terms to acquire a second energised grid connection asset that will take its secured capacity to about 13 MVA as it targets revenue-generating digital infrastructure operations. The new asset comprises a 1.5 MVA grid connection, equivalent to around 1.275 MW of available load, and requires only modest upgrade works before deployment.

Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) has moved to deepen its Abu Dhabi power infrastructure push, agreeing terms to acquire a second energised...
Active Energy Group Plc, a renewable energy company, develops and produces biomass products in the United Kingdom and internationally. The company offers CoalSwitch, a biomass fuel that utilizes low-value forestry, and agricultural residues and energy crops. It also engages in distribution of wood chip; and processing and distribution of wood; and property holding activities. The company was formerly known as Cinpart plc and changed its name to Active Energy Group Plc in July 2010. Active Energy Group Plc was incorporated in 1996 and is based in London, the United Kingdom.
Industrials
Industrial - Pollution & Treatment Controls
5
2016-11-16
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