TNB Forays into UK Offshore Wind, Vantage RE Forms Strategic Partnership with EDF Renewables

Source: www.gulfoilandgas.com 10/20/2021, Location: Asia

Tenaga Nasional Berhad (TNB)’s wholly-owned subsidiary, Vantage RE Ltd. (Vantage RE) has signed a Share Purchase Agreement (SPA) to acquire a 49% stake in an offshore wind farm company, Blyth Offshore Demonstrator Limited (BODL) from EDF Renewables (EDFR), a subsidiary of the French utility company, Électricité de France (EDF).

Vantage RE was launched on 1 July 2021 to own, operate and manage TNB’s portfolio of renewable energy (RE) assets in Europe.

The acquisition marks TNB’s maiden entry into the international offshore wind market as BODL currently owns offshore wind assets off the coast of Blyth, Northumberland, England. The assets include five turbines with a total installed capacity of 41.5MW (“Blyth 1”) and further development rights for a floating offshore wind project of up to 58.4MW (“Blyth 2”) located off the Northumberland coast.


Australia >>  2/3/2023 - Strike Energy Limited’s (Strike - ASX: STX) sixth supplementary bidder’s statement released earlier today detailed the incorrect CHESS Acceptance Cod...
Canada >>  2/3/2023 - The Flowr Corporation (the “Company” or “Flowr”) announces that its wholly owned subsidiary, The Flowr Canada Holdings ULC, has closed on the previous...

Tanzania >>  2/3/2023 - Wentworth Resources plc ("Wentworth") and Etablissements Maurel & Prom S.A. ("M&P") announced on 5 December 2022 that they had reached agreement on th...
United States >>  2/3/2023 - SLB has completed the acquisition of Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. Th...

Canada >>  2/2/2023 - Blacksteel Energy Inc. ("Blacksteel" or the "Corporation") is pleased to announce that it has signed an agreement (the "Definitive Agreement") for the...
United States >>  2/2/2023 - Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, announced that an affiliate of Veritas has completed...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.