Deals this week: Etrion Corporation, EPS, Southern Power

1 June 2018 (Last Updated July 27th, 2018 07:04)

Etrion Corporation is planning to issue new senior secured corporate bonds to raise funds in a public offering. 

Etrion Corporation is planning to issue new senior secured corporate bonds to raise funds in a public offering.

Proceeds from the offering are intended to refinance its €40m ($46.3m) bond maturing in April 2019.

The company has engaged Pareto Securities AB as financial advisor for the transaction.

Based in Switzerland, Etrion is engaged in solar power generation.

Electro Power Systems Spa (EPS) plans to raise €30m ($34.71m) by issuing preferential subscription rights in a rights offering.

The company plans to use proceeds for financing the warrants held by the European Investment Bank (EIB).

Based in France, EPS is a provider of energy storage solutions and microgrids.

Southern Power has acquired the 100MW Wildhorse Mountain windfarm from Renewable Energy Systems Americas (RES) and Vestas Wind Systems.

The Wildhorse Mountain project is located in the Pushmataha County in Oklahoma, US. Power generated by the project will be supplied to the Arkansas Electric Cooperative Corporation (AECC) under a 20-year power purchase agreement.

“The two projects are together expected to cost approximately $472.18m.”

Based in the US, Southern Power is engaged in providing energy, while RES is a renewable energy company and Vestas Wind Systems is a developer of wind energy projects.

Dynagreen Environmental Protection Group has announced plans to raise gross proceeds of CNY382.3m ($58.79m) through issuing 116.2 million A-shares each priced at CNY3.29 ($0.51).

Based in China, Dynagreen Environmental Protection Group is a waste-to-energy company engaged in the treatment of municipal solid waste.

Enel plans to secure project financing from Russian banks for the construction and development of a 90MW windfarm in Rostov, Russia.

The company is also developing a 201MW windfarm at Murmansk, Russia. The two projects are together expected to cost approximately €405m ($472.18m).

Based in Italy, Enel is engaged in power generation and distribution.

IL&FS Energy Development has formed a joint venture with SB Energy to jointly develop grid-connected solar parks in India.

The companies plan to develop more than 20GW of solar energy by 2025 as part of the joint venture.

Based in India, IL&FS Energy Development is a subsidiary of Infrastructure Leasing & Financial Services, while SB Energy is a Japan-based renewable energy unit of Softbank Corporation.