Active Energy acquires second project in Abu Dhabi

Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) has moved to deepen its Abu Dhabi power infrastructure push, agreeing terms to acquire a second energised grid connection asset that will take its secured capacity to about 13 MVA as it targets revenue-generating digital infrastructure operations. The new asset comprises a 1.5 MVA grid connection, equivalent to around 1.275 MW of available load, and requires only modest upgrade works before deployment.