Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDecember 28 (Renewables Now) - The board of directors of Indian wind power producer Inox Wind Energy Ltd (BOM:543297) has approved a proposed issuance of warrants to raise about INR 900 million (USD 12m/EUR 10.6m).
As a result, the company will issue up to 1,062,574 convertible warrants at an issue price of INR 847 apiece. Holders of the warrants will be able to apply for and be allotted one equity share of the firm with a face value of INR 10 each for every warrant they have within a period of 18 months.
According to the bourse filing, Devansh Trademart LLP, an entity forming part of the promoter group of the company, will be allotted up to INR 700 million worth of warrants, while the rest will go to an unrelated investor called Anjana Projects Pvt Ltd.
(INR 10 = USD 0.134/EUR 0.118)
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