IJ Global: SDCL Raises £100mGeneral/ 12 February 2021
London-listed SEEIT has raised £160 million ($221 million) following a fresh capital raise announced on 4 February.
The raise was significantly in excess of its £100 million target, with the board increasing the shares available due to demand to 150.9 million new shares at 106p each.
Dealings in the new shares are expected to commence on 16 February 2021.
SEEIT says it has several opportunities to make add-on investments in projects in its existing portfolio, with a value of around £100 million.
- investments in commercial and industrial solar projects across the US in conjunction with Onyx
- investments in energy efficiency projects across the US in conjunction with Sparkfund
- investments in electric vehicle charging infrastructure projects across the UK in conjunction with EV Networks