U.S. fund KKR and Spanish group Gestamp have reportedly begun X-Elio’s sale process. Oil business Repsol and power company Iberdrola are said to be among the interested buyers circling the PV project developer.
Fukuoka-based engineering firm Kyudenko, Japanese financial services giant Orix and Kyuden Mirai Energy — a wholly owned subsidiary of regional utility Kyushu Electric Power — completed the project in Soma, Fukushima prefecture, in early June.
The Chinese solar investor and developer has revealed plans to issue 700,000,000 shares to Driven Innovation at HK$0.95 per share, representing about 9.39% of its existing issued share capital. It expects net proceeds to reach HK$664.5 million ($85.4 million).
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