Deals this week: Sunseap International, Invenergy, EnBW Energie Baden-Wurttemberg

16 February 2018 (Last Updated February 15th, 2018 10:04)

Sunseap International has formed a joint venture (JV) with InfraCo Asia Development and CMX Renewable Energy (CMX RE Canada) to develop a 168MW solarpower project in the Ninh Thuan province of Vietnam.

Sunseap International has formed a joint venture (JV) with InfraCo Asia Development and CMX Renewable Energy (CMX RE Canada) to develop a 168MW solarpower project in the Ninh Thuan province of Vietnam.

Sunseap and CMX RE are engaged in renewable energy development in Singapore and Canada, respectively, while InfraCo Asia is a Singapore-based infrastructure development and investment company.

Sunseap International will hold a majority stake in the project, while InfraCo Asia and CMX RE Canada will hold a minority stake.

“CGN Power plans to raise CNY5.05bn ($802.22m) in gross proceeds under a public offering of 5bn new shares.”

Invenergy has completed the refinancing of its 110.4MW Gratiot County wind project near Breckenridge in Michigan, US.

Natixis, Norddeutsche Landesbank, Zions Bancorporation and Siemens Financial Services acted as joint lead arrangers for the transaction.

EnBW Energie Baden-Wurttemberg has acquired a 37.5% stake in three offshore wind projects in the Changhua region of Taiwan with a combined installed capacity of 2,000MW.

EnBW will jointly develop the projects along with Macquarie Capital and Swancor Renewable. It will also be responsible for providing technical support.

Based in Germany, EnBW Energie Baden-Wurttemberg is an electric utility company. Macquarie Capital is an Australia-based investor and Swancor Renewable is a Taiwan-based developer.

CGN Power plans to raise CNY5.05bn ($802.22m) in gross proceeds under a public offering of 5bn new shares priced at CNY1.00 ($0.158) a share.

The Chinese nuclear power plants developer and operator intends to use the proceeds towards constructing nuclear power units and meeting working capital requirements.

Comision Federal de Electricidad has raised $727m through a private placement of 5% bonds due 12 March 2048.

The company has engaged HSBC Holdings as the placement agent.

Comision Federal de Electricidad intends to use the proceeds to finance new electric infrastructure projects.