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HomeLatest NewsThe Spanish MASPV Energy prepares its jump to the Nasdaq through its...

The Spanish MASPV Energy prepares its jump to the Nasdaq through its Chinese subsidiary

Date: May 23, 2024 Time: 09:16:44

The Spanish company in the self-consumption sector MASPV Energy has reached an agreement with the American investment bank Univest to take a stock market for its subsidiary MASPV China, which will be listed on the Nasdaq with an initial valuation of 100 million dollars (more than 90 million euros at current exchange rates).

As explained this Tuesday in a press release, the initial public offering will provide liquidity to MASPV China to accelerate its growth plans in the Asian giant, the largest energy market in the world.

MASPV Energy has been present in the country for more than a decade, a market in which it operates as an independent energy producer with a pipeline -or project portfolio- of more than 500 megawatts (MW) in industrial self-consumption. On the other hand, the company has signed an agreement with the state company

MASPV Energy Group manages, develops and operates solar energy projects for self-consumption, diversifying its investments in Spain, Mexico, Panama and the Dominican Republic. It is currently focused on China, which has become the world’s leading market for solar energy projects and the one that will grow the most in the coming years.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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