Welcome to our dedicated page for ASHTROM GROUP news (Ticker: ASHGF), a resource for investors and traders seeking the latest updates and insights on ASHTROM GROUP stock.
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Ashtrom Group has signed a significant Power Purchase Agreement (PPA) with CPS Energy, selling 60% of the electricity generated by its Tierra Bonita solar project in Texas. The agreement spans 20 years, securing a fixed price for approximately 235 MWdc. This project, covering 9,000 dunams, is expected to commence construction in Q2 2023 and become operational by the end of 2024. Additionally, the partnership with Kenlov Renewable Energy aims to enhance Ashtrom's renewable energy portfolio in the U.S., targeting a total of ~1.5 GW in planned capacity.
