Currently viewing Global edition

Investors go off the grid

This week’s eight-year power contract extension with leading Australian gold miner St Barbara has capped a busy and productive few months for Pacific Energy (ASX: PEA), which has seen its shares climb from A36c in mid-March to the current 60c level, capitalising the company at about A$222 million (US$167 million).

Investors go off the grid Investors go off the grid Investors go off the grid Investors go off the grid Investors go off the grid

Pacific signed an agreement to work with juwi Renewable Energy, which has designed and built solar PV and wind-turbine power facilities with 3,500 megawatts of capacity – including the Sandfire