(SeeNews) – Oct 21, 2013 – UK renewable energy generator Infinis Capital Ltd said today it planned to launch an initial public offering (IPO) in London for its unit Infinis Energy plc.
According to The Financial Times, the initiative may raise up to GBP 1 billion (USD1.6bn/EUR 1.2bn).
Infinis Capital, a subsidiary of UK private equity group Terra Firma, plans to offer at least 30% of Infinis Energy's common stock on the London Stock Exchange's main market for listed securities. The IPO is expected to take place next month.
The Infinis group is among the biggest UK renewable power producers with 274 MW of wind farms in operation, 17 MW of hydropower assets and 330 MW of landfill energy sites.
For the three months ending June 30, 2013, Infinis Capital posted earnings before interest, tax, depreciation and amortisation (EBITDA) amounting to GBP 34.3 million and revenues of GBP 56.7 million.
Earlier this month Infinis plc said it had secured GBP 329.5 million in loans to refinance its portfolio of wind farms in the UK.