Business
Hindlip Construction Progress Update
Mast Energy Developments PLC (MED) announced a construction progress update for its Hindlip 7.5 MW power site, a project fully funded in partnership with Powertree. Key progress includes securing a long-term leasehold, obtaining grid connection approval for >5 MW and securing connection for c. 7.5 MW (with most construction costs already paid), selecting MTU (Rolls Royce) engines, executing the engine contract, and planning full site construction to commence in September 2025, targeting Commercial Operations Date (COD) in Q2 2026. The Hindlip site has a secured 15-year Capacity Market contract with a guaranteed gross profit of approximately £6.3 million (before inflation). The company's CEO expressed pleasure with the progress and the partnership with Powertree. Disclaimer*
About this update from Quantum Data Energy Plc
[{"type":"text","content":"\n\nMast Energy Developments PLC\n(Incorporated in England and Wales)\n(Registration Number: 12886458)\nLEI :213800HFVHGJ9YGO9F71\nShare code on the LSE: MAST\nISIN: GB00BNG90H86\n(\"MED\" or \"the Company\")\n \nDated: 20 August 2025\n \nMast Energy Developments PLC\n(\"MED\" or the \"Company\")\n \nHindlip Construction Progress Update\n \nMast Energy Developments PLC is pleased to announce, further to its RNS announcement dated 6 May 2025, a construction progress update regarding its Hindlip 7.5 MW flexible generation power site which is fully funded in partnership with Powertree, the highlights and details of which are outlined below.\n \nHindlip Construction Progress Highlights:\n· Site property's long-term leasehold option exercised and the long-term leasehold agreement exchanged and completed;\n· Grid connection >5 MW Gate 2 protection application submitted and approved;\n· Grid connection for c. 7.5 MW secured and majority of construction costs already paid;\n· RFP submitted to industry-leading EPC firms, and following careful review of associated EPC proposals, MTU (Rolls Royce) engines selected as the best option for this site;\n· Contract for new engines executed and order placed; and\n· Site full construction works (including inter alia civils, LV and HV electricals, and grid- and gas connection) planned to commence in September 2025, with Commercial Operations Date (\"COD\") expected in Q2 2026.\n \nPieter Krügel, MED CEO, commented: \"We are very pleased with the construction progress at Hindlip, with construction on track to be completed and COD expected in Q2 2026. It is a pleasure working with a partner of the calibre of Powertree, which not only brings investment capital to the table, but also a wealth of industry experience.\"\n \n\"The Hindlip site's already secured Capacity Market T-4 15-year contract with a cumulative guaranteed gross profit income value of c. £6.3m (before inflation increases) as previously announced, plus Embedded Benefits income, and PPA merchant trading income following COD make the site a very attractive investment. This along with other key elements including inter alia these types of flexgen sites being a critical part of the UK's energ...