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New Deal


Announced

TNB to acquire a 49% stake in Blyth offshore demonstrator wind farm from EDF Renewables.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Private

Minority

Alternative Fuels

Single Bidder

Cross Border

Acquisition

Friendly

United Kingdom

wind farm

offshore wind farm

Renewable Energy Equipment

Synopsis

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TNB, a multinational electricity company, agreed to acquire a 49% stake in Blyth offshore demonstrator wind farm from EDF Renewables, a company specializing in renewable energy production. Financial terms are not disclosed. “This landmark acquisition is one of the planned strategic acquisitions for TNB to accelerate its journey in delivering on its global Environmental, Social and Governance vision. We have recently announced our Sustainability Pathway, a blueprint with an aspiration to achieve net zero emissions by 2050. The Pathway is underpinned by our commitment to reduce 35% of TNB’s emissions intensity as well as 50% of our coal generation capacity by 2035," Datuk Ir. Baharin Din, TNB President and CEO.

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