EQS-News: Tion Renewables AG
/ Key word(s): Acquisition/Strategic Company Decision
Tion Renewables AG acquires first battery energy storage project and goes beyond renewables 25.11.2022 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.Tion Renewables AG acquires first battery energy storage project and goes beyond renewables
Entry into the battery storage market accomplished: Battery energy storage system (8.0 MW/9.3 MWh) acquired in the UK
Underpinning of strategic expansion through investment in the next green technology ready to scale
Expected unlevered return on equity of slightly above 8%
White paper demonstrating the potential and key characteristics of investments in the battery storage market will be introduced at the German Equity Forum
Gruenwald, November 25, 2022. Yesterday, Tion Renewables AG (“Tion”, “the…