.
MergerLinks Header Logo

New Deal


Announced

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

Synopsis

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.

Show Details & Financials

Market Context

Sort

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US