Watt Fuel Cell Corporation has raised funds in a private placement of senior, secure convertible notes to its existing shareholders to commercialise its technology and launch pilot manufacturing.

Based in the US, the company produces solid oxide fuel cell (SOFC) components and systems.

Victoria Power Networks (Finance) has announced it will issue bonds in a private placement to raise funds to refinance pending debt maturities in July.

Due February 2027, the bonds will raise HK$600m ($77.32m) for the company.

Victoria Power Networks has concurrently announced another issue of bonds, due February 2027, to raise gross proceeds of HK$1.75bn ($225.554m). This will also be used to refinance pending debt maturities in July.

ReNew Power Ventures intends to issue new shares to a subsidiary of JERA Company, in a private placement representing a 10% stake in the company.

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Based in Japan, JERA is a joint venture of Tokyo Electric Power Company. Holdings and Chubu Electric Power Company.

The private placement will be completed by next month and is expected to raise $200m for the ReNew Power Ventures.

Clean Max Enviro Energy Solutions intends to issue convertible debentures to raise Rs1bn ($14.92m) in a private placement to International Finance Corporation, which is based in the US.

These funds will be used to construct a total of 250MW solarpower projects.

Based in India, Clean Max Enviro Solutions is a renewable energy service provider. The proposed greenfield projects are scheduled to be completed over the next three years.

Inox Wind Infrastructure Services has raised Rs1.95bn ($29.09m) in a private placement of 8.33% rated, unlisted, secured, redeemable, non-convertible debentures.

Proceeds are intended to be used for repaying existing loans, funding capital expenditure, and for general corporate purposes.

Based in India, Inox Wind Infrastructure Services is a subsidiary of Inox Wind.