Carnegie spins off Energy Made Clean subsidiary to Tag Pacific 

CARNEGIE Shareholders to gain a 32% stake in Tag Pacific once it merges with EMC under an all-scrip acquisition to create a new entity to service growing renewables and microgrid markets. 

Carnegie spins off Energy Made Clean subsidiary to Tag Pacific  Carnegie spins off Energy Made Clean subsidiary to Tag Pacific  Carnegie spins off Energy Made Clean subsidiary to Tag Pacific  Carnegie spins off Energy Made Clean subsidiary to Tag Pacific  Carnegie spins off Energy Made Clean subsidiary to Tag Pacific 

Carnegie's Garden Island facility

 
 
ag Pacific will merge with Carnegie's microgrid development subsidiary to form MPower, creating one of the region's largest engineering, procurement, construction, and build-own-pperate specialists in the off-grid and fringe-of-grid renewable energy, storage and microgrid markets.
 
The exchange will see Carnegie investors hold 32% in the new consolidated company, if shareholders from both companies approve the merge in August, receiving the new investment through an in-specie agreement. 
 
MPower is expected to become a leading renewable, battery storage and microgrid developer, designer and constructor in the region with active projects across the Asia-Pacific. 
&...