Carnegie and Tag Pacific to merge EMC and MPower to create leading regional renewables, storage and microgrid specialist
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Carnegie Clean Energy Limited (ASX: CCE) ("Carnegie") and Tag Pacific Limited (ASX: TAG) ("Tag") today announce the signing of an Implementation Deed which sets out the terms and key steps for the acquisition by Tag of Carnegie's Energy Made Clean (EMC) to create one of the region's largest, specialist Engineering, Procurement, Construction (EPC) and Build, Own, Operate (BOO) specialists in the rapidly growing off-grid and fringe-of-grid solar, battery and microgrid markets.
Upon completion of the transaction, the combined ASX-listed business will be renamed MPower and will have enhanced national reach, with over 130 staff on both coasts of the country. It will be a leading renewables, battery storage and microgrid developer, designer and constructor in the region with active projects across Australia, New Zealand and the Pacific.
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