TNB’s new wind farm acquisition in UK justified

PETALING JAYA: Tenaga Nasional Bhd’s (TNB) latest acquisition of a wind farm in the UK appears to be fair vis-a-vis when compared to a similar wind farm transaction that will be finalised soon in the second quarter of this year.

The group had announced the acquisition of the entire stake in a 97.3 megawatts (MW) onshore wind power portfolio in the United Kingdom for £145.9mil (RM805mil).