Deals this week: Duke Energy Corporation, Uflex, PetersenDean Roofing and Solar Energy

23 February 2018 (Last Updated February 22nd, 2018 10:15)

Duke Energy Corporation has announced plans to raise $2bn through an equity offering.

Duke Energy Corporation has announced plans to raise $2bn through an equity offering.

Based in the US, Duke Energy is an integrated power company.

Uflex has agreed to invest Rs12bn ($185.77m) to develop a solarpower project in Uttar Pradesh, India.

Power generated from the proposed project will be used for captive consumption, while the surplus will be either be transmitted to Uttar Pradesh or to the national grid.

Based in India, Uflex is a packaging company.

PetersenDean Roofing and Solar Energy has formed a partnership with SolarEdge Technologies and LG Chem to provide solar and storage solutions to its customers.

SolarEdge will provide its intelligent inverter solution as part of the agreement, while LG Chem will provide its residential energy storage unit (RESU) 10H 9.8kWh battery pack.

Based in Israel, SolarEdge Technologies is a provider of photovoltaic (PV) inverters, power optimisers and module-level monitoring services, while LG Chem is a South Korean lithium-ion batteries manufacturer.

Sky Energy Indonesia plans to raise proceeds ranging between IDR76.2bn ($5.3m) and IDR91.5bn ($6.4m) by issuing 203.26 million shares priced between IDR375 ($0.02) and IDR450 ($0.03) a share.

“Orsted plans to divest a 50% stake in the 1.2GW Hornsea one offshore wind project located off the coast of Yorkshire, UK.”

The proceeds will be used towards capital expenditure, land purchase and the expansion of production areas.

The company has engaged Mirae Asset Sekuritas Indonesia as its underwriter for the transaction.

Based in Indonesia, Sky Energy is engaged in the manufacture of solar panels.

TransAlta Renewables has agreed to purchase a 90MW windfarm in Pennsylvania and a 29MW farm in New Hampshire.

These construction-ready wind projects were sold for $240m.

The transaction is expected to be funded through the company’s existing liquidity and tax equity.

Based in Canada, TransAlta Renewables is engaged in renewable energy generation.

Orsted plans to divest a 50% stake in the 1.2GW Hornsea one offshore wind project located off the coast of Yorkshire, UK.

The transaction is expected to be closed in or before 2019.

Based in Denmark, Orsted is engaged in power generation and distribution.

Da Afghanistan Breshna Sherkat (DABS), 77 Construction Contracting & Trading and Zularistan-Baywa have reached an agreement to invest $47.34m in a 30MW solarpower plant in Kandahar province, Afghanistan.

Power generated by the plant will be purchased by government-owned power generation and distribution company DABS for 20 years.

All the companies involved in the transaction are based in Afghanistan.

Celsia has raised COP1.47t ($514.5m) through a public offering of 330 million shares priced at COP4,480 ($1.568) a share.

Based in Colombia, Celsia is engaged in power generation and distribution.

The company will use half of the proceeds to purchase an additional 11.3% stake in Pacific Energy Company (EPSA), while the rest will be used for clearing external debts to Grupo Argos.