Active Energy signs heads of terms to acquire Abu Dhabi grid asset

Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF), the digital energy infrastructure company, has signed binding heads of terms to acquire a live grid connection site in Abu Dhabi for total of £2 million, subject to due diligence. The Ghummud site comprises a 3.5 megavolt-ampere (MVA) energised grid connection with an active transformer and associated electrical infrastructure, providing approximately 2.975 megawatts (MW) of available power load.