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Kalina Power Limited ( (AU:KPO) ) has provided an announcement.
Kalina Power Limited has successfully completed a CAD$18 million transfer agreement through its subsidiary, Kalina Distributed Power, receiving the remaining CAD$17 million from Greenlight’s customer. This one-off sale involved the transfer of allocated megawatts to a global data center developer, with no ongoing corporate relationship anticipated. The completion of this agreement underscores Kalina’s strategic focus on expanding its power project portfolio in Alberta, enhancing its industry positioning by leveraging its expertise in power project development.
More about Kalina Power Limited
Kalina Power Limited, through its Canadian subsidiary Kalina Distributed Power (KDP), focuses on developing power projects in Alberta, Canada. The company aims to provide data centers with co-located, behind-the-meter electricity from natural gas-fired power plants. These projects are strategically positioned near infrastructure like gas pipelines and grid access, with plans to integrate carbon capture and sequestration in the future. Kalina’s portfolio has the potential to reach up to 1.7 GW of capacity, and its business model is based on long-term Tolling Power Purchase Agreements to supply reliable and affordable electricity.
YTD Price Performance: 120.0%
Average Trading Volume: 3,352,998
Technical Sentiment Signal: Hold
Current Market Cap: A$65.99M
Learn more about KPO stock on TipRanks’ Stock Analysis page.