Deals this week: Alliant Energy Corporation, SUN Group Enterprises, Enel Green Power North America

11 May 2017 (Last Updated May 11th, 2017 18:30)

Alliant Energy Corporation has announced plans to raise gross proceeds of up to $125m through the issuance of shares in a public offering.

Alliant Energy Corporation has announced plans to raise gross proceeds of up to $125m through the issuance of shares in a public offering.

Net proceeds generated are intended to be used for general corporate purposes.

The power generation and distribution company has engaged Wells Fargo Securities, Barclays Capital, and MUFG Securities Americas as the sales agents, while Perkins Coie is the legal advisor for the transaction.

SUN Group Enterprises has announced formation of a joint venture with ORIX Corporation to extend its business in the Indian DG solarpower market by placing its subsidiary SUN Renewables.

ORIX is a financial services provider and a solar developer based in Japan.

Enel Green Power North America has announced plans to invest $435m in the 298MW Thunder Ranch windfarm development through its subsidiary Thunder Ranch Wind Project.

Expected to generate 1,100GW of electricity a year, the farm is scheduled to be online by the end of 2017.

ACWA Power International has announced its intention to raise $814m through the private placement of 5.95% bonds due in 2039.

"ACWA Power International has announced its intention to raise $814m through the private placement of 5.95% bonds due in 2039."

ACWA intends to make the offer through its subsidiary ACWA Power Management and Investments One and proceeds are intended for the prepayment of existing loans, as well as for general corporate purposes.

The underwriters for the offering include Jefferies Group, Citigroup, China Construction Bank Corporation (Singapore branch), Mizuho Bank, NCB Capital Company and Standard Chartered.

Hydro One Limited has announced plans to raise C$2.79bn ($2.04bn) through a bought-deal public offering of 120 million shares priced at C$23.25 ($17.02) a share, to be issued by Province of Ontario.

Underwriters were also given an option, exercisable for a period of 30 days following closing, to purchase up to an additional 12 million common shares.

The deal will enable the Province of Ontario to hold 296,803,660 common shares, representing approximately 49.9% of Hydro One's total issued and outstanding common shares.

The company engaged RBC Capital Markets and CIBC Capital Markets as the underwriters for the transaction.

Sunseap Group has announced that it has obtained project financing of $15m from United Overseas Bank for the construction and development of two solarpower plants, which have a combined installed capacity of 11.9MW in Singapore.

Sunseap is engaged in the development of grid-connected photovoltaic (PV) power plants.