WavEC Offshore Renewables and LOC Group have partnered to develop offshore wind projects.
WavEC Offshore Renewables is based in the Portugal, whereas LOC Group is based in the UK.
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Enerdynamic Hybrid Technologies has raised C$0.37m ($0.28m) in gross proceeds from the second tranche of a private placement of 2,454,000 units, priced at C$0.15 ($0.11) a unit, which includes one common share and one-half of a share purchase warrant.
The holder of the unit is entitled to acquire one common share at a price of C$0.2 ($0.15) on completion of 24 months following the transaction closure.
Proceeds are intended to be used for general working capital purposes.
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Welspun Renewables Energy Private has raised gross proceeds of Rs12bn ($175.8m) from the private placement of guaranteed, redeemable, rated, taxable, non-cumulative, non-convertible debentures.
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By GlobalDataDue 31 January 2022, the debentures carry an interest rate of 8% a year.
Proceeds are intended to be used to prepay existing higher cost debt of the company and its subsidiaries.
Atlantis Resources and Ideol have signed a memorandum of understanding (MoU) to develop floating offshore wind projects with a combined capacity of 1.5GW in the UK.
Ideol will design the technical concepts and provide floating foundation systems for windfarms, while Atlantis will identify sites and attract third-party funding for proposed projects.
The 100MW pre-commercial phase of the project is expected to be commissioned by 2021.
