Ceres Power Holdings has announced it will develop and launch a Multi-kW combined heat and power (CHP) product jointly with an original equipment manufacturer (OEM) under a license agreement.
As part of the agreement, Ceres Power will non-exclusively license its SteelCell technology to its OEM partner to develop and launch the product. The OEM will be paid in stages throughout the development and field trial.
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By GlobalDataChevron Corporation's group companies Chevron Global Energy and Union Oil Company of California have agreed to sell their geothermal assets in Indonesia and the Philippines for $3bn to AC Energy Holdings, Star Energy Group Holdings, Star Energy Geothermal, and Electricity Generating Public Company (EGCO).
Joint venture (JV) Star Energy Geothermal (Salak-Darajat) has been formed to acquire the Indonesian geothermal assets, while second JV ACEHI-STAR Holdings has been formed to acquire the Philippine assets.
BHE Renewables has completed $400m of bond financing to develop the 400MW Grande Prairie wind project in Holt County, Nebraska.
The 20-year unlisted bonds have been privately placed with US and European investors via AllianzGI’s established infrastructure debt platform.
Lalitpur Power Generation Company has reached an agreement to acquire Bajaj Hindusthan Sugar's (BHSL) co-generation power business in India.
The business is present in 14 locations with a combined installed capacity of 449MW. The purchase consideration for the transaction is Rs18bn ($265.14m).
BHSL intends to use proceeds from the sale for debt repayment.
PJSC Rosseti has announced it will raise approximately RUB3.39bn ($55.18m) through a public offering of roughly 3.25bn common stock shares priced at RUB1.0424 ($0.017) a share.
Elecnor has raised €41.6m ($43.22m) from a public offering of bonds due 30 June 2038.
The bonds bear a coupon rate of 3.948%, which is payable semi-annually.
United Photovoltaics Group intends to raise up to CNY700m ($100.74m) through issuing medium-term notes.
The proceeds are intended to be used for refinancing the company's existing debts and for general working capital purposes.
JSW Energy has raised Rs5bn ($73.55m) in a private placement of redeemable non-convertible debentures.
Due on 30 December 2022, the debentures carry an interest rate of 8.65%, payable annually.
The proceeds will be used to finance general corporate purposes, business operations, working capital, debt repayment, and capex requirements.
China Datang Corporation Nuclear Power has agreed for a private placement of shares to Datang International Power Generation and China Datang Corporation in order to raise gross proceeds of CNY279m ($40.14m).
The funds will help the issuing company to improve its capital adequacy ratio.
Landsnet has raised $200m in gross proceeds through private placement of 4.56% unsecured bonds with the aim of optimising its long-term capital base, alter the loan composition, and reduce currency risk.
The bonds have a maturity period ranging between five and 12 years.
Hrvatska Elektroprivreda (HEP) plans for an initial public offering (IPO) of shares to sell 25% minus one share of its common stock held by the Government of Croatia.
The Croatian Government intends to utilise the funds to acquire a 49% stake in INA-Industrija nafte from MOL Group.
Northeast Electric Development has announced it will raise HKD313m ($40.35m) in net proceeds through a private placement of 136,170,212H shares priced at HKD2.35 ($0.3) each.
The proceeds are intended to be used to repay debts, purchase new equipment, upgrade its existing production lines, and buy properties in its headquarters and/or regional office locations, as well as replenish its working capital.
HNA Hotel Group (Hong Kong) Company intends to subscribe to the placement offering.
ReneSola has signed an agreement with Beijing Enterprises Clean Energy Group's subsidiary to develop 335MW of rooftop solar projects in five Chinese provinces.
Renesola will be responsible for the engineering, procurement, and construction (EPC) of the proposed projects and Beijing Enterprises Clean Energy Group will finance the projects.
