U.K.’s Biggest Clean Energy IPO Raises $460 Million
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The Renewables Infrastructure Group Ltd., raised 300 million pounds ($460 million) in the U.K.’s biggest initial public offering of a clean-power company, to invest in solar and onshore wind projects.
The proceeds from the share sale on the London Stock Exchange will be used to buy 14 onshore wind farms and four solar photovoltaic plants with a combined capacity of 276 megawatts, the company said today in an e-mailed statement. The projects are in the U.K., France and Ireland.