Deals this week: Ameren Missouri, GE-Hitachi Nuclear Energy, Savosolar

25 May 2018 (Last Updated May 24th, 2018 17:13)

Ameren Missouri has agreed to acquire a 400MW windfarm in north-east Missouri, US, following completion of construction.

Ameren Missouri has agreed to acquire a 400MW windfarm in north-east Missouri, US, following completion of construction.

An affiliate of Terra-Gen is developing the windfarm, which will be the biggest wind project in the state upon completion in 2019.

Ameren Missouri is a subsidiary of Ameren Corporation and is engaged in providing electric and gas services.

GE-Hitachi Nuclear Energy (GE Energy) has agreed to raise funds by issuing shares in a private placement.

Dominion Energy has agreed to subscribe to the shares issued under the placement.

GE Energy is a nuclear energy company offering advanced reactors and nuclear services, while Dominion Energy is a power and energy company.

Both companies involved in the transaction are based in the US.

Proceeds from the placement will be used for developing BWRX-300, a 300MWe small modular reactor.

Savosolar (Savo-Solar Oy) plans to issue 174.3 million shares priced at €0.02 ($0.023) each in a rights issue to raise €3.5m ($4.1m).

The company intends to issue one book-entry subscription right for every share held by registered shareholders, as part of the offering.

“AC Energy is a subsidiary of Ayala Corporation and has a 1.6GW power generation portfolio worth $2.6bn.”

Proceeds from the offering will be used for working capital and to streamline its global operations.

Based in Finland, Savosolar is engaged in the manufacture of solar thermal collectors and provision of solar energy technologies.

The company has engaged Augment Partners as underwriter for the transaction, while Smartius Oy is legal adviser.

Atlantis Resources has raised £20m ($26.93m) in gross proceeds in a private placement of 57 million new ordinary shares priced at £0.35 ($0.47) a share.

The proceeds will be used to meet the working capital requirements, clear debt of up to £3.87m, advance the power station conversion project, focus on tidal projects and tidal technology development, and for paying fees in connection with the proposals.

Based in Singapore, Atlantis is engaged in the development of marine renewable energy projects and turbine systems.

The company has engaged Cantor Fitzgerald Europe and Macquarie Capital (Europe) as joint brokers and joint book-runners for the transaction.

Pattern Energy Group 2 has acquired the 345kV AC Western Spirit transmission line and the 1GW Mesa Canyons wind project, located in New Mexico, from Clean Line Energy Partners.

Based in the US, Pattern Energy Group 2 is a power utility, while Clean Line Energy Partners, also based in the US, is engaged in the development of direct current transmission lines.

AC Energy Holdings has announced plans to sell a 50% stake in thermal assets for approximately $1bn.

Based in Philippines, AC Energy is a subsidiary of Ayala Corporation and has a 1.6GW power generation portfolio worth $2.6bn.

Electricite de France SA (EDF) has announced plans to divest 49% stake in windfarms owned by its subsidiary, EDF Energy Renewables, in the UK for £600m ($807.9m).

The windfarms have a combined installed capacity of 550MW.

The French electric utility has engaged Barclays as financial advisor for the transaction.