BC Hydro plans to acquire a 66.67% stake in the 490MW Waneta Dam hydro-electric project in Canada from Teck Resources for C$1.2bn ($961.57m).
The acquisition is based on BC Hydro’s right of first offer negotiated when it purchased a third share of the project in 2010.
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BC Hydro will continue to supply power to the Teck Resources’ smelter as per the previously agreed 20-year lease agreement. The terms and conditions remain unchanged despite the changes in ownership.
Following the transaction, BC Hydro will sell a two-thirds share of the Waneta Dam and Generating Station to Fortis according to the agreement made in May 2017.
DTE Energy Company (DTE Energy) has raised $440m in a public offering of 3.75% bonds due 15 August 2047.
The purchasers of the bonds have been issued at 99.946% of the principal amount and will be paid interest semi-annually.
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By GlobalDataThe company engaged Bank of America Merrill Lynch, Barclays Capital, The Bank of New York Mellon, Mizuho Financial Group, UBS, and Wells Fargo & Company as book-runners for the offering.
Azure Power Global has raised $500m through a public offering of 5.5% green bonds due 3 November 2022.
Issued at 99.973% of the principal amount, the bonds will yield 5.57% on maturity.
Azure’s bond is the first solar green bond offered featuring only solarpower assets outside India. Net proceeds from the offering are intended to be used for general corporate expenses and to refinance existing debts.
The company has engaged JPMorgan Chase & Co, Barclays, Credit Suisse Group, Deutsche Bank, Societe Generale, and The Hongkong and Shanghai Banking Corporation as arrangers for the offering.
Jiangsu Akcome Solar Science & Technology plans to raise CNY300m ($44.52m) through issue of bonds in a public offering.
The company is engaged in the manufacturing of photovoltaic accessories.
