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 conditional placing of EUR14 million (US$15.4 million) at 40 pence per share with certain existing and new institutional investors.
The Group has also entered into a 50/50 joint venture with Linde which will focus on delivering green hydrogen to large scale industrial projects, principally those with an installed electrolyser capacity of 10 Megawatts and above. On completion, Linde will hold approximately 20% of the Group’s enlarged share capital.
Country updates
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October 11, 2019
Final turbine installed on world´s largest offshore wind farm
Ørsted has announced that the final wind turbine of 174 turbines has been installed at Hornsea One project in the North Sea. Once complete, the site will be the world's first offshore wind farm...
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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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October 11, 2019
Diamond Transmission Partners completes takeover of Race Bank Offshore Wind Farm transmission link
Diamond Transmission Partners (DTP), a 50/50 joint venture between Japanese Mitsubishi Corp's subsidiary Diamond Transmission Corporation (DTC) and HICL Infrastructure, has acquired the ownership...
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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
GE Renewable Energy’s Haliade-X turbines to be used by Dogger Bank Wind Farms
Dogger Bank Wind Farms, which is developing what will become the world’s largest offshore wind farm when built, has today unveiled GE Renewable Energy as its preferred turbine supplier. Under t...
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