TNB completes acquisition of 97.3MW onshore wind portfolio in UK

PETALING JAYA: Tenaga Nasional Bhd’s (TNB) wholly-owned subsidiary, Vantage RE Ltd, has completed its acquisition of a 100% stake in a 97.3MW onshore wind portfolio in the United Kingdom from a number of funds advised by Capital Dynamics for £145.9mil (RM806.28mil).

This acquisition, following TNB’s maiden venture into the UK offshore wind market last October, marked another significant milestone in the national utility company’s strategy to grow its global renewable energy (RE) portfolio, while strengthening its presence in a focus market.