Western Power Distribution has raised gross proceeds of £30m ($40.58m) through a public offering of senior notes due 16 May 2028.
The UK-based power distribution company proposes to pay interest on the notes on a quarterly and floating rate basis.
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Vestas Wind Systems, Vattenfall and Pensionskassernes Administration have agreed to jointly invest €350m ($415.98m) for the construction and development of a 353MW wind energy project in Sweden.
The three companies will respectively hold 40%, 30% and 30% stakes in the windfarm, which will span the Asele and Lycksele Municipality regions.
To be developed by Vattenfall, the project is proposed to be partially funded by non-recourse project financing. Vestas Wind Systems will supply and install the wind turbines and provide active output management (AOM 5000) services for 25 years.
Vestas Wind Systems is engaged in design, manufacturing, installation and servicing of wind turbines, while Vattenfall is a Sweden-based utility company. Pensionskassernes Administration is a pension fund based in Denmark.
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By GlobalDataCanadian Solar has secured Rs1bn ($14.81m) project financing for the construction and development of a 35MW commercial and industrial (C&I) solar portfolio in Karnataka, India.
Tata Cleantech Capital provided the project financing.
Based in Canada, Canadian Solar is engaged in renewable energy generation.
Recurrent Energy has secured tax equity financing from US Bancorp Community Development for the construction and development of a 102MW solar photovoltaic (PV) power plant in Cabarrus County, North Carolina, US.
The company also raised $106.7m debt facility from Prudential Capital Group in addition to tax equity financing.
Based in the US, Recurrent Energy is a subsidiary of Canadian Solar and is engaged in renewable energy generation.
San Diego Gas & Electric has announced its plans to raise gross proceeds of $400m in a public offering of 4.15% first mortgage bonds, series SSS.
Due May 2048, the bonds will be issued at 99.558%, plus accrued interest, and yield 4.176% on maturity.
The company has engaged Credit Agricole Securities (USA), Credit Suisse Securities (USA), JP Morgan Securities, Wells Fargo Securities, and Samuel A Ramirez & Company as joint book-running managers for the transaction.
It also engaged Blaylock Van and Guzman & Company as co-managers and Latham & Watkins as its legal advisor.
The proceeds from the offering will be used to repay the outstanding commercial papers maturing in May 2018.
Based in the US, San Diego Gas & Electric Company is engaged in power generation, transmission and distribution.
NEXTracker has formed a partnership to develop an innovative patent-pending racking technology for renewable energy company First Solar’s Series Six panel, which is proposed to come online in 2018.
First Solar also plans to install NEXTracker’s NX Horizon in multiple utility-scale projects in the US.
NEXTracker is a subsidiary of Flex and is engaged in renewable energy generation.
NTPC has signed a memorandum of understanding to acquire the 720MW Barauni thermal power station in Bihar, India.
NTPC is a power generation company based in India.
