HUNT ENERGY NETWORK ANNOUNCES $250 MILLION FUNDING FROM LONG-TIME PARTNER MANULIFE [Yahoo! Finance]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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manulife.com/investor-relations
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Source: Yahoo! Finance
Manulife Investment Management's commitment was sourced from Manulife Infrastructure Fund III and its affiliates (collectively "Manulife"). With this funding, Hunt Energy Network will develop and operate dispatchable power resources in the Electric Reliability Council of Texas (ERCOT). This new commitment is wholly distinct from Manulife's March 2021 commitment of $225 million to form HEN Infrastructure, L.L.C., a separate venture with Hunt Energy Network to develop and operate a portfolio of distribution level energy storage assets in ERCOT. As of today, this venture has developed 270 megawatts (MW) of energy storage currently operational in ERCOT and another 80 MW under development with a targeted completion date of early 2025. "Over the past three years, our partnership with Manulife let us build a resilient network of dispatchable, distributed storage all across Texas ," said Pat Wood , chief executive officer of Hunt Energy Network. "Now, we can continue that work as well as
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- Manulife Financial Co. (NYSE: MFC) is now covered by analysts at Barclays PLC. They set an "equal weight" rating on the stock.MarketBeat
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MFC
Earnings
- 8/7/24 - Beat
MFC
Sec Filings
- 8/29/24 - Form 6-K
- 8/28/24 - Form N-PX
- 8/14/24 - Form 13F-NT
- MFC's page on the SEC website