ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Energy

Tenaga buys 80% stake in two U.K. renewable firms

Acquisition to help boost company's foreign portfolio as part of broader goal

Tenaga Nasional headquarters in Kuala Lumpur

KUALA LUMPUR (Nikkei Markets) -- Tenaga Nasional Bhd. said Thursday it has acquired 80% stake in two renewable energy companies in the U.K. for 77.37 million pounds ($106.37 million) as Malaysia's national power company expands its overseas portfolio to boost earnings.

The acquisition of GVO Wind and Bluemerang Capital marks Tenaga's maiden foray into onshore wind sector in the U.K. The two companies own the largest feed-in tariff wind portfolio in the U.K., comprising 53 medium wind turbines with combined capacity of 26.1 megawatts.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more