Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDecember 27 (Renewables Now) - The board of directors of Azure Power Global Ltd (NYSE:AZRE) has approved a rights offering through which the Indian renewable power producer could raise up to USD 249.9 million (EUR 220.7m).
Pursuant to the rights offering, each shareholder will get one non-transferable subscription right for every equity share held on the record date of January 6, 2022. Each right will entitle the holder to buy 0.3275 equity shares at the subscription price of USD 15.79 per whole equity share.
Azure Power’s two largest shareholders – CDPQ Infrastructures Asia Pte Ltd with a 50.2% stake and OMERS Infrastructure Asia Holdings Pte Ltd with an equity interest of 19.3% – have both agreed to fully exercise all their basic subscription rights in this transaction.
The rights offering will expire on January 24, 2022, unless extended.
(USD 1.0 = EUR 0.883)
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST