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Nikkei Markets

Tenaga Nasional secures 120 million pound financing facility

Deal marks end of refinancing 80% stake in two UK wind energy companies

Under a 10-year program, Tenaga Nasional is targeting to build a portfolio of international assets that would account for 20% of its earnings.

KUALA LUMPUR (Nikkei Markets) -- Malaysia's national energy utility Tenaga Nasional said Monday it has secured a 120 million pound ($168.77 million) financing facility with Bayerische Landesbank to refinance its 80% stake in two U.K. wind energy companies.

The arrangement marks the completion of Tenaga's refinancing for its U.K. wind portfolio and the company anticipates further investments in the renewable energy sector, Tenaga said in a statement. Tenaga, in February, had acquired GVO Wind and Bluemerang Capital for 77.37 million pounds.

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