Deals this week: Atlantis Resources, Invenergy, Octopus Energy Investments

2 February 2018 (Last Updated February 2nd, 2018 12:24)

Atlantis Resources has announced a public offering of 8% bonds, due 2023.

Atlantis Resources has announced a public offering of 8% bonds, due 2023.

The move is intended to raise between £2m ($2.82m) and £5m ($7.04m) in gross proceeds.

The offering will be made through Atlantis’ fully owned subsidiary Atlantis Future Energy.

Peer-to-peer platform Abundance Investment structured the deal and is managing the process.

Proceeds raised from the offering will be used for fast-tracking Atlantis Resources’ project pipeline, repayment of debts, and general working capital purposes.

Based in Singapore, Atlantis Resources is engaged in renewable energy generation.

The company has engaged Cantor Fitzgerald Europe and Macquarie Capital Europe as joint brokers for the transaction.

“Octopus Energy Investments has raised €23m ($28.5m) in project financing from MPS Capital Services Banca per le Imprese.”

Invenergy has raised approximately $64.75m through a private placement of 24.5-year investment-grade rated project bond.

The company intends to use the proceeds for the construction and development of the 64.8MW La Jacinta solar project in Salto Department of Uruguay.

DNB Markets and IDB Invest structured and arranged the deal, while DNB Markets also acted as the sole placement agent.

Based in North America, Invenergy is engaged in power generation using renewable sources.

Octopus Energy Investments has raised €23m ($28.5m) in project financing from MPS Capital Services Banca per le Imprese.

The funding will be used to refinance five photovoltaic (PV) solarpower plants, with a combined installed capacity of 64MW in Montalto di Castro, Lazio, Italy.

Octopus Energy Investments has engaged Linklaters as legal advisor for the transaction, while MPS Capital Services engaged Watson Farley & Williams as its legal advisor.

NTR has secured project financing of €9.6m ($11.93m) from Nord/LB for the construction and development of the 6.4MW Rathnacally windfarm in County Cork, Ireland.

NTR is engaged in renewable energy generation.

Neo Solar Power Corporation plans to raise gross proceeds of TWD380m ($13.04m) through an issue of shares in a private placement.

Based in Taiwan, Neo Solar Power is engaged in the manufacture of solar cells and modules.

Sterlite Power Grid Ventures re-acquired its transmission infrastructure business by purchasing a 28.4% stake held by Standard Chartered Private Equity (SCPE) for Rs10.1bn ($158.57m).

SCPE invested Rs5bn ($78.457m) and subscribed to convertible securities of Sterlite Power to acquire a minority share in Sterlite in 2014.

Based in India, Sterlite Power Grid Ventures develops and operates power transmission projects, while SCPE is based in Singapore.

Itochu Corporation has acquired a 20% stake in Moixa Energy Holdings by investing approximately CNY1bn ($9.2m).

Based in Japan, Itochu Corporation is a trading company, while Moixa Energy Holdings is a UK-based provider of energy services and technology.

Celsia plans to acquire a 14% stake in Empresa De Energia Del Pacifico SA ESP (ESPA) by purchasing up to 48.5 million shares priced at COP18,900 ($6.74) a share in a tender offer.

The acquisition is estimated to be valued at COP916.6m ($329.99m).

Celsia is an energy company, while ESPA is engaged in power generation and transmission.

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

Turner Renewable Energy and other related investors have acquired a minority interest in MERIT SI.

Based in the US, Turner Renewable Energy owns and develops solar photovoltaic (PV) plants, while MERIT SI is a developer of solarpower plants.