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

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.