PACIFIC GREEN TECHS - PGTK STOCK NEWS

Pacific Green Technologies (OTCQB:PGTK) has successfully achieved financial close for £28.25 million (approximately US$34.90 million) in senior debt to fund its 99.98 MW battery energy storage system (BESS) at Richborough Energy Park. The funding will enable the project to commence commercial operations by June 2023. The agreement with Close Leasing Limited will provide a development loan that will be converted into a 10-year term loan upon operations start. This marks a pivotal development in the company's ambition to lead in renewable energy solutions.

Pacific Green Technologies, Inc. (OTCQB:PGTK) has announced an agreement with Shell Energy Europe Limited to provide dispatch trading and optimization services for its 99.98 MW Richborough Energy Park battery energy storage system in Kent, England. Under this agreement, Pacific Green will manage the construction and operation of the BESS, while Shell will purchase the capacity and handle optimization for the next ten years. This partnership aims to support the UK's transition to a low carbon energy system.

Pacific Green Technologies (OTCQB:PGTK) announces a Principal Contractor Agreement with Instalcom Limited for a 99.98 MW battery energy storage system at Richborough Energy Park, Kent, starting construction in July 2022. The contract enhances Pacific Green's commitment to scaling its energy park projects to 1.1 GW. An Operations and Maintenance Agreement follows, commencing with commercial operations in June 2023. The collaboration aims to contribute to the UK's Net Zero Strategy, leveraging Instalcom's 30 years of energy infrastructure experience.

Pacific Green Technologies (OTCQB:PGTK) has signed a significant agreement with Shanghai Electric Gotion New Energy Technology Co., Ltd. for a 99.98 MW battery energy storage system (BESS) at the Richborough Energy Park in Kent, England. This milestone is part of PGTK's ambitious 1.1 GW BESS pipeline in the UK. Production and delivery are set to commence later this year, using a just-in-time approach for efficiency. CEO Scott Poulter expressed confidence in their growing capabilities to become a leading battery park developer in the UK within a year.

Pacific Green Technologies (PGTK) has entered into an agreement with Green Power Reserves Limited (GPR), securing a £13 million (US$16 million) equity investment for a 50% stake in Pacific Green Battery Energy Parks 1 Limited. The funds will finance the construction of a 99.98 MW battery energy storage system in Kent, England. GPR's Managing Director, Paolo Revelli, will join PGBEP's Board, enhancing project development. PGTK anticipates upcoming milestones in its 1.1 GW UK pipeline, with a grid connection expected by mid-2023.

Pacific Green Technologies Inc. (PGTK) has appointed wind propulsion expert George Thompson as a lead consultant, aiming to enter the growing wind propulsion market for marine applications. This appointment follows extensive research into hybrid power and aligns with the company’s strategy to help ship owners achieve fuel savings while meeting IMO carbon reduction targets. Pacific Green plans to leverage its existing relationships with over 500 ships and its manufacturing capacity with PowerChina to establish a competitive edge in the market.

Pacific Green Technologies (PGTK) announced its intent to acquire Sheaf Energy Limited (SEL), a 249 MW battery energy storage system (BESS) in the UK, from Tupa Energy Limited. This acquisition builds on a previous agreement involving a 99.8 MW BESS acquired earlier this year, as part of a larger 1,100 MW BESS Agreement initiated in March 2021. The SEL project aims to support the growing energy storage market, leveraging the technical expertise of parent companies and a strong production capacity from Shanghai Electric Gotion.

Pacific Green Technologies (PGTK) has signed a letter of offer with Close Leasing Limited for £23 million (approximately US$31.6 million) in debt financing to construct a 99.8 MW battery energy storage system at Richborough Energy Park in Kent, England. The financing is subject to final due diligence and is expected to close in Q4 2021, with energization planned for 2022. CEO Scott Poulter expressed pride in the partnership, citing Close Brothers' flexibility and experience in renewable energy projects.

Pacific Green Technologies (PGTK) announces an exclusive agreement with TUPA Energy Limited to develop up to 1,100MW of battery energy storage systems in the UK. The company has acquired the rights to 100MW of BESS in Kent and aims to finalize the remaining 1,000MW by 2023. This agreement follows PGTK's acquisition of Innoergy Limited and a partnership with Shanghai Electric Gotion. The collaboration with TUPA enhances PGTK's capacity in the energy storage market, positioning it for significant growth in the Cleantech sector.