REG - Active Energy Group - Heads of Terms Signed for Taweela Grid Connection

Active EnergyAnnouncement

23/04/2026 07:00

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RNS Number : 5555B  Active Energy Group PLC  23 April 2026

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

23 April 2026

Active Energy Group plc

 

("Active Energy", the "Company" or the "Group")

 

Heads of Terms Signed for 2.5 MVA Taweela Grid Connection

 

Active Energy Group plc ("AEG" or the "Company"), the renewable energy and
digital infrastructure platform, is pleased to announce that it has entered
into  non-binding Heads of Terms ("HoTs") in relation to the proposed
acquisition of a 2.5 MVA grid connection located at Taweela, UAE (the
"Acquisition").

 

The proposed acquisition relates solely to grid connection capacity.
Completion of the transaction is conditional upon the satisfactory completion
of confirmatory due diligence and the execution of legally binding
documentation.

 

The transaction represents a further step in the Company's strategy to
aggregate scalable, energisation-ready power infrastructure in key Middle
Eastern markets, where supply remains constrained and demand for high-density
digital infrastructure continues to accelerate.

 

Consideration

Total consideration for the Acquisition is £1.25 million, based on a price of
£500,000 per MVA. This is structured as follows:

 

Equity - £625,000

To be satisfied by the issue of new ordinary shares in AEG at a premium to the
most recent closing price at the date of completion, subject to the required
shareholder authorities to allot new ordinary shares.

 

The new shares issued as part of the equity consideration will be subject to a
12-month lock-in, aligning the vendor with the Company's long-term growth
strategy.

 

Cash - £625,000

The cash element of the transaction will be deferred at two equal parts, over
a 12-month period following completion.

 

Due Diligence and Timetable

The Company has commenced confirmatory due diligence, which is expected to
include verification of grid capacity, connection rights, load availability
and any upgrade requirements. Subject to the outcome of this process, the
Company expects to complete the transaction within approximately four weeks.

 

Post completion, AEG intends to deploy its modular digital infrastructure
solution, targeting energisation and revenue generation within 12-15 weeks.

 

Existing UAE Capacity

AEG notes that, including previously announced arrangements, its secured and
proposed grid capacity in the UAE currently comprises:

•              Ghummud: 3.5 MVA

•              Kazna: 1.5 MVA

•              Taweela: 2.5 MVA

•              Core development site: 8.0 MVA

 

Together, these assets provide a meaningful initial operating base. Based on
current assumptions and third-party offtake agreements, the portfolio is
expected to generate c.$0.45m revenue per MVA, equating to circa $7m
annualised revenue at steady state, subject to utilisation and market
conditions.

 

Paul Elliott, Chief Executive Officer of Active Energy, commented:

 

"This transaction is another clear demonstration of our ability to execute at
pace and secure high-quality energy infrastructure on highly attractive terms.
Taweela not only enhances our growing UAE footprint but continues the trend of
acquiring capacity at a meaningful discount to both replacement cost and
international benchmarks.

 

What is particularly compelling is the speed at which we are scaling. In under
12 months, we have assembled 15.5 MVA of capacity, creating a strong
foundation for near-term revenue generation and future expansion. With a clear
pipeline and a repeatable acquisition model, we believe we are well positioned
to accelerate towards our 100 MVA target while maintaining strict capital
discipline."

 

 

 

Enquiries:

 

 Active Energy Group Plc                  Paul Elliott (CEO)                                      info@aegplc.com

                                          Pankaj Rajani (Non-Executive Chairman)

 Zeus                                     Antonio Bossi / Darshan Patel                           Tel: +44 (0) 203 829 5000

 Nomad and Broker                         (Investment Banking)

                                          Nick Searle                                             Tel: +44 (0) 203 829 5633

                                          (Sales)

 Website                                  LinkedIn                                                 'X'

 www.aegplc.com (http://www.aegplc.com/)  www.linkedin.com/in/active-energy-group-plc/            (@aegplc) / X (https://x.com/aegplc)
                                          (http://www.linkedin.com/in/active-energy-group-plc/)

 

 

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