Tenaga Nasional Berhad buys balance 20% interest in GVO Wind and Bluemerang Capital Ltd.

Tenaga Nasional Berhad (TNB), through its wholly-owned subsidiary, Tenaga Wind Ventures UK Ltd (Tenaga Wind), had acquired the balance 20% interest in two United Kingdom renewable energy companies for GBP18.6 million (US$24 million) cash.

The acquisition of GVO Wind Limited and Bluemerang Capital Limited is as initially agreed in the Share Purchase Agreements signed with the sellers, Georg von Opel and Tanzanite B.V. & Catalin Breaban, on 28th February, 2018.

With this acquisition, TNB now owns 100% asset and control over the two companies and their respective assets via Tenaga Wind.

These companies are the largest Feed-in Tariff (FiT) wind portfolio in the UK, comprising 53 operational onshore medium wind turbines with a total combined capacity of 26.1 MW.

TNB has actively managed the wind farm assets since its acquisition in 2018.