Active Energy acquires Abu Dhabi grid asset, adding 2.975 MW power capacity for £2M

Active Energy Group has completed the acquisition of the Ghummud grid connection asset in Abu Dhabi, which includes a 3.5 MVA live grid connection and electrical infrastructure providing nearly 3 MW of power capacity. The deal, valued at £2 million, was paid half in new shares and half in deferred cash. This asset was acquired at a significant discount compared to UK replacement costs and is expected to generate around $1.8 million in annual gross revenue with a payback period of about three years. This acquisition expands Active Energy's portfolio as it aims to reach 100 MVA of energized capacity within 18 months.