US-based electric utility PacifiCorp has revealed plans to raise $600m by issuing 4.125% first mortgage bonds due January 2049 in a public offering.
The bonds are proposed to be issued at 99.776% of principal amount, while the interest on them will be paid semi-annually on 15 January and 15 July every year.
Proceeds are intended to meet capital expenditures, and general corporate purposes including the repayment of 5.65% bonds in aggregate principal amount of $500m due this month.
PacifiCorp has engaged Mizuho Securities USA, MUFG Securities Americas, PNC Capital Markets, Scotia Capital (USA), SMBC Nikko Securities America, BMO Capital Markets, and CIBC World Markets as joint book-running managers for the transaction, while Perkins Coie has been chosen as legal adviser.
Pacifico Energy has acquired two more solarpower plants namely Yanai (12.3MW) and Yuza (23.9MW) in Japan.
The two plants will be part of Pacifico’s first solar investment fund, which currently holds total assets under management of approximately ¥14.2bn ($126m).
Pacifico Energy is engaged in the development, construction and operation of solarpower plants in Japan.
Elektrizitatswerk der Stadt Zurich has agreed to acquire Eolus’s 30MW Stigafjellet windfarm in Bjerkreim, Norway, for €40.7m ($47.52m).
Eolus will construct the windfarm, as well as provide technical, operational and administrative services to optimise production at the facility.
Based in Switzerland, Elektrizitatswerk der Stadt Zurich is engaged in power generation, while Eolus is a Sweden-based company involved in windpower development.
Sumitomo Corporation has entered a strategic partnership agreement with ITM Power for developing multi-megawatt projects in Japan.
ITM Power will supply multi-megawatt electrolyser systems to Sumitomo on an exclusive basis in Japan and on a non-exclusive basis outside of Japan, as part of the agreement.
ITM Power and Sumitomo will use combined capabilities to market, develop, finance, and execute the projects, as well as jointly conduct feasibility studies for various projects in Australia.
National Hydroelectric Power Corporation (NHPC Limited) has agreed to invest Rs2.29bn ($33.4m) for constructing and developing a 250MW solarpower plant at Tilori in Gaya, Bihar, India.
Based in India, NHPC is involved in hydropower generation.