Yu Group has raised £12m ($16.65m) in a private placement of 1.2 million shares priced at £10 ($13.88) a share.

The proceeds will be used as collateral for the company’s letters of credit and general working capital.

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Based in the UK, Yu Group is engaged in the supply of gas and electricity.

The company has engaged Shore Capital Stockbrokers as book-runner for the transaction.

Russian energy holding company Inter RAO UES has invested RUR20bn for the construction of the 440MW Zatonskaya thermal power plant in Ufa, Russia.

The plant started commercial operations this month and is estimated to produce 290Gcal/h of heat.

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Canadian private equity investor Forum Equity Partners has agreed to invest $15m in US-based renewable energy company BioSTAR Renewables.

BioSTAR will use the funds towards the development of its advanced stage solar power projects across the US.

MPC Capital and Martifer Renewables have established a joint venture to develop distributed generation and solar photovoltaic (PV), and wind energy products in Colombia.

Martifer will be responsible for providing operations and maintenance services, while MPC Capital will handle the financials and asset management services, as part of the agreement.

“BioSTAR will use the funds towards the development of its advanced stage solar power projects across the US.”

MPC Capital is a German asset and investment management company, while Martifier Renewables is a Portugal-based energy utility company.

Korea Electric Power Corporation (KEPCO) has acquired stakes in three operating solar power plants in southern California, US, from Recurrent Energy.

The three plants are the 100MW Astoria, 75MW Astoria 2, and 60MW Barren Ridge solar power plant.

KEPCO is a South-Korean electric utility company while Recurrent Energy is a US-based developer of renewable energy.

Recurrent Energy has engaged BofA Merrill Lynch and Scotiabank Global Banking and Markets as its financial advisers for the transaction.

Helix Energy Solutions Group plans to raise $125m through a public offering of convertible senior notes due 15 September 2023.

The notes carry a coupon rate of 4.125% a year, payable semi-annually on 15 March and 15 September of each year. The notes can also be converted into common shares of the company at a price of $9.47 a share.

The proceeds from the offering will be used for repurchasing the outstanding $60.115m 3.25% convertible senior notes due 2032 and to pay the outstanding term loan.

The US-based offshore energy services company has engaged Wells Fargo Securities, Merrill Lynch, Pierce, Fenner & Smith as joint book-running managers for the transaction, while Baker Botts was engaged as the legal adviser.

Republic of Guinea has secured $1.3bn in project financing for the development of the 450MW Souapiti hydro power project on the Konkoure river.

Export-Import Bank of China is funding the project.