Deals this week: E.ON SE, Solect Energy Development, and Great Plains Energy

9 March 2017 (Last Updated March 9th, 2017 18:30)

E.ON SE has agreed to make an equity investment in fuel cell technology company Elcore through a private placement.

E.ON SE has agreed to make an equity investment in fuel cell technology company Elcore through a private placement.

Following the investment, E.ON SE will supply Elcore’s customers with bio natural gas through specially tailored contracts and renewable energy.

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

Solect Energy Development has acquired Brightergy's north-east division, including its north-east sales and project management operations and intellectual property developed around commercial solar generation.

Both the companies involved in the transaction are based in the US.

Great Plains Energy has announced four senior notes offerings to raise $4.3bn in total.

These include 4.85% senior notes due 2047, 2.5% senior notes due 2020, 3.9% senior notes due 2072, and 3.15% senior notes due 2022 for gross proceeds of $1bn, $750m, $1.4bn, and $1.5bn respectively.

"E.ON SE will supply Elcore’s customers with bio natural gas through specially tailored contracts and renewable energy."

Interest on the notes will be payable semi-annually in arrears and proceeds from the underwritten public offering are intended to be used for the acquisition of Westar Energy.

Meridian Energy intends to raise NZD100m ($70.38m) in gross proceeds from the private placement of unsecured, unsubordinated fixed-rate bonds with institutional and retail investors.

Due 20 March 2024, the bonds will have an indicative margin ranging between 1.5% and 1.6% a year, which will be fixed following a book-build process.

Proceeds are intended for the repayment of the company’s 7.55% bonds due March 2017 and for general corporate purposes.

Ellomay Capital has raised ILS98m ($26.57m) in gross proceeds through a public offering of 3.44% Series B Debentures to institutional and classified investors.

Based in Israel, Ellomay Capital is a renewable energy company.