Author: macmintz723
Green Power Reserves Becomes Equity Partner in Pacific Green’s 99.98 Mw Richborough Energy Park Battery Development
Pacific Green Technologies, Inc. (the “Company” or “PGTK”, (OTCQB:PGTK)) announces that it has entered into an agreement with Green Power Reserves Limited (“GPR”), wherein GPR has made an equity investment of GBP13 million (US$16.0 million) for a fifty percent shareholding in Pacific Green Battery Energy Parks 1 Limited (“PGBEP”). The proceeds from the investment will be used to provide the equity financing for the construction of the 99.98 MW battery energy storage system (“BESS”) the Company is developing in Kent, England. As part of the investment, Paolo Revelli, Managing Director of GPR, has agreed to join the Board of Directors ... Read more