REG - Mast Energy Dvlpmts. - Acquisition of 7 MW Constructed FlexGen Site

Mast Energy DevelopmentsAnnouncement

04/09/2025 07:00

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RNS Number : 9297X  Mast Energy Developments PLC  04 September 2025

Mast Energy Developments PLC

(Incorporated in England and Wales)

(Registration Number: 12886458)

LEI :213800HFVHGJ9YGO9F71

Share code on the LSE: MAST

ISIN: GB00BNG90H86

("MED" or "the Company")

 

Dated: 4 September 2025

 

Mast Energy Developments PLC

("MED" or the "Company")

 

Acquisition of 7 MW Constructed FlexGen Site

 

Mast Energy Developments PLC is pleased to announce that it has signed an
offer to acquire an existing already constructed 7 MW 11kV flexible generation
power site located in England, the highlights and details of which are
outlined below.

 

Acquisition Key Highlights:

·    This acquisition forms part of one of MED's three key growth
strategies, namely to duplicate our proven success at Pyebridge by acquiring
existing already constructed sites needing limited overhaul work, resulting in
lower investment cost per MW and quicker timeline to commercial operations and
income production;

·    Further, MAST prefers to develop, acquire, and operate sites with
11kV grid connections, which are generally c. 25% more profitable compared to
larger grid connection voltages such as 33kV, due to factors including
benefiting from Embedded Benefits;

·    The site is located in an attractive power demand area of England,
and comprises inter alia a long-term leasehold property, granted planning
consent, secured grid- and gas connections, and existing already constructed
balance of plant;

·    The site essentially only requires low-carbon gas turbines to be
installed post acquisition to achieve commercial operations, and MED is
considering the same solution it has applied to its Hindlip site as recently
announced, being Rolls Royce mtu engines;

·    The site includes an existing long-term Capacity Market ("CM")
contract for 15 years at £60,000 per MW/annum which amounts to a total
cumulative guaranteed gross profit income value of c. £6 million (prior to
inflation increases) with a delivery year start date of 2028, and MED will be
looking to top that up with annual T-1 CM contracts in the interim, in
addition to trading income via a PPA with Statkraft;

·    The site's proposed acquisition price is £350k;

·    The completion of the transaction is subject to the usual conditions
for a transaction of this nature, inter alia confirmatory due diligence, and
contract; and

·    Although the successful completion of the transaction is not
guaranteed, the MED Board expects that it will be able to do so during Q4
2025.

 

Pieter Krügel, MED CEO, commented: "We are delighted with the offer to
purchase this attractive site, which fits well into one of our three key
growth strategies which has been proven at our Pyebridge site. The strategy to
acquire existing already constructed sites have many benefits, most notably
that it requires lower investment cost per MW and quicker timeline to income
production."

 

"We are actively pursuing further similar acquisition opportunities, and in
addition to our two other growth strategies being new-builds (such as Hindlip)
and AI datacentres, all of which we are advancing simultaneously, means we are
making significant progress to achieving a portfolio of 300+ MWs at some
pace."

 

"We look forward to updating the market with further positive progress and
developments over the coming weeks."

 

Stay up to date with MED's latest news and updates by joining our emailing
list and social media channels, as follows:

 

MED general enquiries - https://www.med.energy/contact
(https://www.med.energy/contact)

MED email alerts - https://www.med.energy/rnsannoucements-1
(https://www.med.energy/rnsannoucements-1)

MED LinkedIn page -
https://uk.linkedin.com/company/mast-energy-developments-plc
(https://uk.linkedin.com/company/mast-energy-developments-plc)

MED X (formerly Twitter) handle - @mastplc

 

 

ENDS

 

This announcement contains inside information for the purposes of the UK
version of the Market Abuse Regulation (EU No. 596/2014) as it forms part of
United Kingdom domestic law by virtue of the European Union (Withdrawal) Act
2018 ('UK MAR'). Upon the publication of this announcement, this inside
information is now considered to be in the public domain.

 

For further information please visit www.med.energy (http://www.med.energy/)
or contact:

 Pieter Krügel      info@med.energy (mailto:info@med.energy)  Mast Energy           CEO

                                                              Developments PLC
 Guy Wheatley, CFA  +44 (0)74 9398 9014                       Fortified Securities  Corporate Broker

 

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