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Fengate – Acquisition of two operational solar projects in the US

Fengate has acquired two operational projects in Texas: a 6.1 aggregation of 600 San Antonio rooftop sites under a single power purchase agreement (PPA) and a 3MW community solar project in Austin as a seed investment. These are the first of various investments that the group willco-develop with PowerFin Partners. Financial details of the transaction have not been disclosed.