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April 27, 2018updated 26 Apr 2018 10:48am

Deals this week: China Ruifeng Renewable Energy Holdings, Acciona Energia

China Ruifeng Renewable Energy Holdings plans to raise gross proceeds of up to HK$174.12m ($22.2m) in a private placement of 6.5% convertible notes due 2019.

China Ruifeng Renewable Energy Holdings plans to raise gross proceeds of up to HK$174.12m ($22.2m) in a private placement of 6.5% convertible notes due 2019.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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To be subscribed to by independent individuals, corporations, institutions or professional investors, the placement will comprise convertible notes offered in integral multiples of HK$0.48m ($0.06m).

The net proceeds raised from the placement are intended to be used to clear outstanding borrowings and for general working capital purposes.

The Hong Kong-based renewable energy company has engaged Golden Rich Securities as its placement agent for the transaction.

Acciona Energia has agreed to invest $150m in the construction and development of 87MW Tolpan windfarm situated in Chile.

Acciona Energia is a subsidiary of Acciona SA and is engaged in power generation.

KP Energy has entered a partnership agreement with an Indian subsidiary of a global wind turbine generator manufacturer to develop a 300MW windpower project in Kutch, Gujarat.

“Grasshopper Solar Corporation has received C$270m ($210.88m) in a senior debt facility from Germany’s Deutsche Bank.”

Based in India, KP Energy is engaged in energy generation through renewable sources.

Oxford Photovoltaics has raised £8.02m ($11.2m) in venture financing.

Legal & General Capital and Norway’s Statoil Energy Ventures provided the project financing to Oxford Photovoltaics.

The proceeds are intended to be used for advancing Oxford Photovoltaic’s perovskite-on-silicon tandem solar cell technology to next level.

Grasshopper Solar Corporation has received C$270m ($210.88m) in a senior debt facility from Germany’s Deutsche Bank.

Based in Canada, Grasshopper Solar Corporation is a subsidiary of Grasshopper Energy Corporation and is engaged in providing solarpower system solutions.

Grasshopper intends to use the proceeds to expand its asset base and enter new businesses.

NextEra Energy has raised $70m to develop the 256MW Pacific Plains wind project in the US, which includes the 120MW Bluff Point wind facility, the 90MW Cottonwood wind facility, and the 46MW Golden Hills North wind facility.

Wells Fargo & Co provided NextEra the required finance.

Iberdrola Mexico has raised $400m in project financing for refinancing three windfarms in Mexico.

Financing for the transaction is being provided by a group of ten banks led by Banco Bilbao Vizcaya Argentaria (BBVA) and Grupo Financiero BBVA Bancomer.

A subsidiary of Iberdrola SA, Iberdrola Mexico is engaged in power generation.

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Free Report
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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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