Deals this week: LO3 Energy, Statoil ASA, Enel Green Power Brasil Participacoes

27 October 2017 (Last Updated October 31st, 2017 10:18)

LO3 Energy has raised funds from Braemar Energy Ventures and Centrica Innovations in a venture financing round.

LO3 Energy has raised funds from Braemar Energy Ventures and Centrica Innovations in a venture financing round.

LO3 Energy intends to use the funds to further advance the development of blockchain-based platforms and enter new energy markets and services.

Statoil has raised R$477.4m ($148.81m) in project financing to develop a 132MW Apodi solarpower plant in Quixere, Brazil.

Banco do Nordeste do Brasil provided the financing through its FNE Infrastructure fund.

The funds were raised together with Scatec Solar and Kroma Energia. Scatec Solar owns and develops solarpower plants, while Kroma Energia is a renewable energy company.

“China Tianying plans to raise CNY800m ($117.13m) in gross proceeds through an issue of five-year green corporate bonds in a public offering.”

Enel Green Power Brasil Participacoes has raised R$678.7m ($211.56m) in project financing from Banco do Nordeste do Brasil.

The funds will be used for the construction and development of three solarpower plants with a combined installed capacity of 553MW at Bom Jesus da Lapa, Tabocas do Brejo Velho, and Ribeira do Piaui, Brazil.

Based in Brazil, Enel Green Power Brasil Participacoes is engaged in the development of renewable energy.

China Tianying plans to raise CNY800m ($117.13m) in gross proceeds through an issue of five-year green corporate bonds in a public offering.

Proceeds are intended to clear loans and develop new green energy projects.

Synthesis Energy Systems has agreed to raise gross proceeds of $8m in a private placement of 11% senior secured debentures and warrants.

The company is offering eight million shares of common stock to certain institutions and accredited investors under securities purchase agreements. The issued warrants and placement agent warrant can be exercised into common stock shares at a price of $0.50 a share for a period of five years.

Proceeds raised are intended to be used for working capital purposes, and to develop the Australian Future Energy and other regional business platforms.

The company has engaged T.R. Winston & Company as the sole placement agent for the offering.

Synthesis Energy is engaged in providing products and solutions to the energy and chemicals industries.

Voltus has raised $10.1m in a venture financing round from Prelude Ventures, and a family office represented by Energy Innovation.

The US-based provider of cash-generating energy products intends to invest the funds in strengthening its innovation in demand response.