VCI Global Targets US$200 Million Revenue with 100 MW of Solar Photovoltaic Projects in Southeast Asia and Europe
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VCI Global Limited (NASDAQ: VCIG) plans to develop and acquire 100 MW of solar photovoltaic projects in Southeast Asia and Europe, aiming for US$200 million in revenue over 20 years, enhancing long-term growth.
December 13, 2024 | 1:45 pm
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VCI Global Limited is targeting the development and acquisition of 100 MW of solar photovoltaic projects in Southeast Asia and Europe. This initiative is expected to generate approximately US$200 million in revenue over the next 20 years, contributing significantly to the company's long-term growth.
The announcement of a strategic expansion into solar photovoltaic projects in key regions like Southeast Asia and Europe positions VCI Global for significant revenue growth. The long-term revenue target of US$200 million indicates a strong commitment to renewable energy, which is likely to positively impact the company's stock price in the short term as investors react to the growth potential.
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