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MPower Completes $19M Asset Sale, Eyes Capital Return or New Acquisition

7:02pm on Tuesday 9th of September, 2025 AEST Energy
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MPower Completes $19M Asset Sale, Eyes Capital Return or New Acquisition

7:02pm on Tuesday 9th of September, 2025 AEST
Key Points
  • Sale of renewable energy platform and Lakeland Solar & Storage Project completed
  • Total cash consideration approximately $19 million with deferred payment of up to $2 million
  • All employees transitioned to new owner Wollemi Energy Group
  • Company to repay liabilities and consider capital return or new acquisitions
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