Pacific Green Technologies Announces Sale of Limestone Coast North Energy Park

Sydney, Feb. 21, 2025 (GLOBE NEWSWIRE) — Pacific Green Technologies, Inc. (“Pacific Green”, OTCQB: PGTK) announces that it has signed binding documentation for the sale of 100% of the shares in its Limestone Coast North Energy Park to Intera Renewables (Intera) in a deal representing an enterprise value of A$460 million (US$293 million) (the “Transaction”).

Pacific Green Technologies, Inc., a leading provider of sustainable solutions for renewable energy, has made a significant move in the energy market with the sale of its Limestone Coast North Energy Park. The sale, valued at over A$460 million, represents a strategic decision by the company to focus on other projects and opportunities in the renewable energy sector.

Intera Renewables, the acquiring company, is a key player in the energy industry with a strong focus on renewable energy projects. By acquiring the Limestone Coast North Energy Park, Intera Renewables is poised to expand its portfolio and increase its presence in the renewable energy market.

Impact on Individuals:

For individuals, the sale of the Limestone Coast North Energy Park may not have a direct impact. However, it signifies a growing trend towards renewable energy solutions, which can lead to a cleaner and more sustainable future for all.

Impact on the World:

The sale of the Limestone Coast North Energy Park to Intera Renewables represents a significant step towards a more sustainable energy future globally. With the focus on renewable energy sources increasing, this deal showcases the importance of investing in clean energy solutions for a healthier planet.

Conclusion:

The sale of the Limestone Coast North Energy Park by Pacific Green Technologies to Intera Renewables marks a new chapter in the renewable energy sector. This deal highlights the growing importance of sustainable energy solutions and sets a positive example for the future of the energy industry.