Malaysia: Tenaga buys 50% in UK solar power asset for $607m

Tenaga Nasional is the largest power producer in Malaysia.

Malaysian state-owned power company Tenaga Nasional Bhd (TNB) has acquired a 50 per cent stake in Britain’s 365 MW solar power asset from a subsidiary of Terraform Power Inc for $607.6 million (GBP 470 million).

In an announcement on Monday, TNB said, the acquisition achieves a key objective of TNB’s five-year international expansion plan to acquire up to 250 MW capacity of renewable energy projects by 2020.

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