Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
August 4, 2016updated 04 Jun 2020 3:51pm

Deals this week: NextEra Energy, NHPC, and Sungrow Power Supply

NextEra Energy has agreed to offer 30 million equity units priced at $50 each to a group of underwriters, including Goldman, Sachs & Co, Credit Suisse Securities (USA), and Mizuho Securities USA.

NextEra Energy has agreed to offer 30 million equity units priced at $50 each to a group of underwriters, including Goldman, Sachs & Co, Credit Suisse Securities (USA), and Mizuho Securities USA.

The transaction is expected to close on 8 August 2016, and the net proceeds are intended to fund a proposed acquisition of Energy Future Holdings, to fund investments in energy and power projects, and other general corporate purposes.

Morgan, Lewis & Bockius, and Squire Patton Boggs (US) are acting as legal advisors to NextEra Energy for the offering.

NHPC has announced a private placement of shares to raise approximately Rs30bn ($448.8m).

The offering is being made to fund the construction and development of the Lower Subansiri hydroelectric project in Gerukamukh, India.

Sungrow Power Supply has completed the stock offering of 1.2 billion shares priced at $3.33 each.

Content from our partners
Green investment: What gives Scotland multiple advantages
How Hengst helped to keep Germany’s charity “star singers” shining
How one power station prevented frequent shutdowns with three-stage air filtration

It has generated $400m from the public offering, which will be used to leverage its solar business, increase investment in research and development (R&D), and promote its photovoltaic (PV) inverter and energy storage product lineups.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU