Plutus PowerGen shares slide as it mulls its future
19th Nov 2019 15:51
(Sharecast News) - Plutus PowerGen updated the market on its operations and finances on Tuesday, following its announcement on 29 August that it had received notice from the non-executive directors of Rockpool Investments that its management contracts in connection with the existing six Rockpool EIS-funded flexible energy generation (FlexGen) sites were to be terminated.
Read morePlutus PowerGen enters equity funding collaboration agreement
29th Aug 2019 15:37
(Sharecast News) - Flexible energy generation company Plutus PowerGen has entered into a collaboration agreement for the equity funding portion of its proposed initial 80MW and contemplated further portfolio of 160MW of peaker gas sites in the UK, it announced on Thursday.
Read morePlutus PowerGen gearing up to develop Rockpool site in Kent
21st Nov 2018 13:08
(Sharecast News) - Flexible energy generation developer Plutus PowerGen announced on Wednesday that its partner, Rockpool Investments, has purchased a 20MW gas-powered FlexGen site in Medway, Kent, with planning, connections, an option to lease and capacity mechanism from Reliance Energy.
Read moreBlue chip utility group offers to fund Plutus Powergen projects
21st Nov 2016 08:30
(ShareCast News) - AIM-listed power company Plutus Powergen has received an offer by one of the 'big six' utility groups to fund up to 20% of any 20MW renewable fuel or gas powered flexible energy projects going forward. Plutus said this fits with the company's strategy to deliver projects in which
Read morePlutus PowerGen supports national grid from Plymouth
9th Nov 2016 14:14
(ShareCast News) - Flexible power projects developer and operator Plutus PowerGen confirmed on Wednesday that it operated its Plymouth site in support of the national grid for the first time on 8 November. The AIM-traded firm said the current tight supply margin in the UK energy market had demonstra
Read morePlutus PowerGen's Plymouth site brought into operation
3rd Nov 2016 11:40
(ShareCast News) - Energy investment company Plutus PowerGen's first power generation site in Plymouth has been brought into operation. Attune Energy is now operating at full output and the AIM-listed company said that is part of its strategy to become a "predominant player in the flexible energy
Read morePlutus PowerGen wins planning permission for renewable energy sites
1st Nov 2016 09:19
(ShareCast News) - AIM-listed energy investment company Plutus PowerGen has received planning permission to develop two 20 megawatts renewable fuel powered energy generation sites in Suffolk. The company now has seven 20 megawatts sites, which have planning permission to develop renewable fuel power
Read morePlutus PowerGen agrees to develop a 100MW gas-powered energy portfolio
19th Oct 2016 11:39
(ShareCast News) - AIM-listed Plutus PowerGen, which constructs and operates flexible power projects, agreed to develop a 100 megawatt gas-powered energy generation portfolio with a specialist energy company. A letter of intent was signed with the agreement, which would expand the company's power su
Read morePlutus PowerGen shares fall as company secures financing
4th Oct 2016 14:34
(ShareCast News) - Flexible power projects developer Plutus PowerGen announced on Tuesday that it has arranged a £3m asset financing facility for one of its indirect investment companies with Lombard North Central, a subsidiary of Royal Bank of Scotland. The AIM-traded firm said it is also participa
Read morePlutus PowerGen's losses narrow as revenues rise
5th Sep 2016 07:56
(ShareCast News) - AIM listed energy investment company Plutus PowerGen's full year losses narrowed as revenues increased. For the year ended 30 April, the first full year since the reverse takeover of Plutus Energy, revenue increased to £887,500 from £87,500 in 2015. This was due to nine managem
Read morePlutus PowerGen listing bonds to raise cash
24th Feb 2016 15:22
(ShareCast News) - Plutus PowerGen (PPG) was preparing to launch a number of listed bonds on Wednesday in a bid to raise cash for its next tranche of power generating projects. The AIM-traded power company focused on the development, construction and operation of flexible stand-by generation in the
Read morePlutus PowerGen goes green with biofuel deal
11th Feb 2016 16:27
(ShareCast News) - Plutus PowerGen turned green on Thursday, signing a memorandum of understanding with Green Biofuels for the supply of renewable biofuel. The AIM-traded power company, focused on the development, construction and operation of stand-by generation in the UK, said the deal was for the
Read morePlutus PowerGen secures 260 megawatts of power capacity
15th Jun 2015 14:06
Energy supplier Plutus PowerGen shares rose 8% on Monday after the company said has successfully identified and secured electricity connection agreements with three firms for 260 megawatts of power capacity. The agreements were signed with Western Power Distribution, UK Power Networks and Scottish &
Read morePlutus Powergen makes progress in £5.4m energy project
17th Nov 2014 14:22
Emergency electricity generator developer Plutus Powergen has taken a step towards securing £5.4m to build its first power plant. The group said its wholly owned subsidiary Plutus Energy had completed the first stage of an equity fund-raising for the construction of its first 20 megawatts of stand-b
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