Exclusivity to Acquire Portfolio of Hydroelectric Power Projects

Source: www.gulfoilandgas.com 9/29/2021, Location: Europe

The Group has secured exclusivity to acquire a portfolio of operational, Feed in Tariff ("FiT") accredited, hydroelectric power projects in Scotland. This investment was identified in the IPO prospectus and formed part of the original pipeline.

The transaction is expected to reach financial close during Q4 2021. This opportunity will enable TEEC to deploy a large portion of its remaining investable funds by acquiring an operational portfolio backed by long-term, inflation-linked FiT revenues, whilst generating 100% renewable energy.

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