Tenaga Nasional bolsters overseas RE portfolio

Going green: TNB intends to grow its RE portfolio to an optimal size via greenfield development or acquiring other RE portfolio of similar or complementary technology.

PETALING JAYA: Tenaga Nasional Bhd’s (TNB) move to acquire two British onshore wind turbine businesses will further bolster the power producer’s international renewable energy (RE) portfolio.

In line with its aim to expand its RE business as well as enlarging its footprint internationally, TNB’s wholly owned subsidiary, Tenaga Wind Ventures UK Ltd, has completed the acquisition of an 80% stake in GVO Wind Ltd and Bluemerang Capital Ltd, respectively, for £77.37mil (RM418mil).