MPOWER GROUP LIMITED
- MPower has established a project funding relationship with global renewable energy investment firm AMPYR Energy to expand its national Build Own Operate portfolio of solar power and battery storage projects being rolled out across Australia.
- An agreement has been executed for first $10 million in funding which is for the Company’s clean energy project in Narromine, NSW.
- The funding arrangement is designed to finance construction and development costs on a project-by-project basis. MPower will be provided with a flexible funding mechanism to take projects through to the operational phase, when they become revenue accretive through the generation and export of clean energy to the National Electricity Market.