Good Energy to sell complete energy generation portfolio

Good Energy to sell complete energy generation portfolio

Good Energy to sell complete energy generation portfolio: Good Energy has currently revealed plans to sell its 47.5MW renewable asset portfolio.

The company announced the procedure is part of a ‘strategic shift’ to energy & mobility services, compelled by additional investment in the electric vehicle mapping platform Zap-Map.

Good Energy said the sale is anticipated to be finished in the 1st quarter of next year and the portfolio had a net book worth of £56.8m as of the 30th of June.

The profits from the transaction are predicted to support the company’s present priorities.

Nigel Pocklington, Chief Executive Officer of Good Energy, stated: “I’m very pleased to announce the acceleration of our strategy.

“Good Energy has been at the forefront of the UK’s energy transition for over 20 years, stimulating the growth of renewable power generation. Our job is done as a developer and asset owner as we focus on the new frontiers, the electrification of transport & decentralised energy generation.

“Whilst the retail energy market continues to experience some short term challenges, we remain positive about the future. We will largely be a debt free company, with a strong balance sheet for growth.”

Good Energy to sell complete energy generation portfolio