TNB unit plans to buy 50% in Vortex Solar

PETALING JAYA: Tenaga Nasional Bhd’s (TNB) unit has proposed to buy a 50% stake in Vortex Solar Investments S.a.r.l. for £86mil (RM474mil) cash under its five-year international expansion roadmap to boost its power generation capacity, including renewable power.

The national utility said the purchase would enable it to have a stake in Vortex Solar, which holds certain interest of solar photovoltaic (PV) project companies that own and operate solar PV projects in the UK with a combined net installed capacity of about 365MW.