MPower Group Limited announced it has completed the acquisition of the Lakeland
Solar & Storage Project. Through its acquisition of the Lakeland project, MPower expects to generate annual revenues of around $1.8 million from the sale of energy and large-scale generation certificates (LGCs) to a blue-chip counterparty. MPower expects Lakeland to contribute around $800,000 in annual earnings before interest, tax, depreciation and amortisation (EBITDA), before the introduction of additional cost-saving measures.