Gore Street Energy Storage secures GBP11mn investment
Gore Street Energy Storage Fund, a Fund dedicated to sustainable energy projects and investment manage by Gore Street Capital, has closed a GBP10.7 million (US$13.8 million) investment from a launched equity issue.
The Irish sovereign wealth fund National Treasury & Management Agency has committed GBP9.5 million (US$12.23 million) while the remaining investment was secured from new and existing institutional investors.
Under the launched equity sale and placing, the company has issued 1.3 million new shares at 93.8 pence (US$120.6) each. On admission, the company's issued share capital will comprise 48.9 million shares.
Country updates
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October 16, 2019
Siemens delivers 1st onshore transformer for 857 MW Triton Knoll Offshore Wind Farm in Lincolnshire
Siemens delivered the first transformer to the onshore substation site of Triton Knoll Offshore Windfarm. The transformers set sail from Austria, where they were manufactured, to Sutton Bridge port i...
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October 14, 2019
3iN closes GBP222.8m placing
3iN has closed a total of 81,000,000 new ordinary shares of no par value each were issued at a price of 275 pence per share, raising gross proceeds of approximately GBP222.8 million (US$281....
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October 14, 2019
Linde, ITM Power announce a joint venture
ITM Power plc intends to raise at least EUR52 million (US$57.4 million) through a strategic investment of EUR38 million (US$42 million) at 40 pence per share by Linde UK Holdings Limited; and a c...
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October 11, 2019
Foresight Solar closes GBP65m public placing
Foresight Solar Fund Ltd has closed a GBP65 million (US$79.5 million) gross in an oversubscribed share issuance in public placing. The proceeds are set to repay debt drawn down o...
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October 11, 2019
Gresham House Energy Storage Fund to raise GBP41.6m after share placing
Gresham House Energy Storage Fund Plc is set to raise up to GBP41.6 million (US$51.3 million) after securing commitments from over 40.43 million share placing. The Fund has offered &n...
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