Deals this week: ReNew Power Ventures, Brookfield Renewable Partners, otego

12 January 2018 (Last Updated January 11th, 2018 11:26)

ReNew Power Ventures has raised Rs14.75bn ($232.61m) through a public offering of cross-collateralised rupee bonds.

ReNew Power Ventures has raised Rs14.75bn ($232.61m) through a public offering of cross-collateralised rupee bonds.

The Indian power generation company has engaged L&T Financial Services as its underwriter for the transaction.

Proceeds from the offering are proposed to be used for the prepayment of existing term loans.

Brookfield Renewable Partners plans to raise C$250m ($197.3m) by issuing ten million cumulative minimum rate reset class A preferred units priced at C$25 ($19.73) a unit in a bought a deal public offering.

The offering also includes an option to purchase up to an additional two million preferred units.

The Canadian renewable power projects operator intends to repay its debts using the proceeds from the offering.

“Canadian Solar, Photowatt Technologies, and ECM Greentech plan to form a joint venture (JV) to develop advanced technology silicon ingots and wafers.”

otego has raised funds in a seed financing round led by High-Tech Grunderfonds, LBBW Venture Capital and Vector Venture Capital.

The thermoelectric generators developer company plans to use the proceeds from the financing round for the expansion of its operations.

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

Canadian Solar, Photowatt Technologies, and ECM Greentech plan to form a joint venture (JV) to develop advanced technology silicon ingots and wafers.

The companies will own 30%, 60% and 10% equity, respectively, in the newly formed JV.

Canadian Solar is a renewable energy development company based in Canada, while Photowatt Technologies is a French photovoltaic (PV) products designer and manufacturer and ECM Greentech is a silicon crystallisation equipment and process developer.

Valmec has agreed to raise A$5m ($3.93m) through a private placement of 20 million shares priced at A$0.25 ($0.2) a share.

The Australian energy and infrastructure services provider plans to use the proceeds from the placement to fund the acquisition and integration of specialist pipeline testing company APTS and for working capital purposes.

Blue Elephant Energy has acquired European Energy Group’s 20MW windfarm located in the Potenza province of southern Italy.

Blue Elephant Energy is a German renewable power company, while European Energy Group is an energy holding company based in Norway.

Watson Farley & Williams was engaged as the legal advisor for the transaction by Blue Elephant Energy.