Ocean Power Technologies sells its common shares to Aspire
Ocean Power Technologies, Inc. (OPT) has executed a new Common Stock Purchase Agreement with Aspire Capital Fund, LLC to sell up to US$12.5 million in common stock to Aspire Capital over a term of 30 months.
Proceeds of the transaction will be used by OPT to build additional PowerBuoys® as needed to meet potential market demand, to further advance the development of new products and solutions, and for other general corporate purposes.
Headquartered in Monroe Township, New Jersey, the OPT offers ocean energy solutions. Its PowerBuoy solutions platform provides clean and reliable electric power and real-time data communications for remote offshore and subsea applications in markets such as offshore oil and gas, defense and security, science and research, and communications.
Country updates
-
-
September 22, 2020
New Jersey launches tender for up to 2.4 GW offshore wind developments
The New Jersey Board of Public Utilities (NJBPU) has open the application window for the State’s second solicitation of offshore wind capacity.
Read more -
September 22, 2020
67 MW Lotus Solar Farm in Madera County commences operation
8minute Solar Energy has announced that the 67 megawatt (MWdc) Lotus Solar Farm in Madera County, California is now fully operating. The Lotus Solar Farm produces energy for well over 12,000 Southern...
Read more -
September 17, 2020
RPMA signs PPA with CIPCO for wind project in Delaware County
Independent power producer RPM Access LLC (RPMA), formerly known as Midwest Renewable Energy Corporation (MREC), has signed a 20-year power purchase agreement (PPA) with the Central Iowa Pow...
Read more -
September 17, 2020
SRP inks new PPA with Boeing for 100 MW solar PV project in US
US aerospace giant Boeing has signed a 15-year power purchase agreement with the Salt River Project (SRP) utility for its 100 MW solar facility in Eloy, Arizona, USA. The Eloy pl...
Read more -
September 16, 2020
USD1.1bn transaction announced between BP and Equinor in USA
Equinor has entered into an agreement with BP to sell 50% non-operated interests in the Empire Wind and Beacon Wind assets on the US east coast for a total consideration befor...
Read more
