MPR
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Company News
MPower to rebrand as MPR Australia following $19m asset sale to Wollemi Energy
MPower Group (ASX: MPR) has agreed to sell its renewable energy and battery storage business to climate-focused investment firm Wollemi Energy Group for $19 million. The deal will see MPower offload assets including its renewable energy platform and services business, the Lakeland hybrid solar and battery storage project in Queensland and a pipeline of project […]
Market wrap: from record high to hefty fall in just one day
What a difference a day makes with the Australian share market hitting a record high on Thursday followed by the worst fall in 16 months on Friday. Once again, a steep fall on Wall Street was the catalyst for the 2.1% fall in the Australian market as investors fretted that the US Federal Reserve was […]
MPower generates first revenue from commercial operations at Narromine solar project
MPower Group (ASX: MPR) has generated the first revenue at full capacity from its Narromine solar project in New South Wales following commissioning and connection to the national electricity market. The renewable energy and battery storage development company has adopted a merchant market revenue strategy, with project revenues determined by the prevailing wholesale spot prices […]