German developer WPD has raised €68.5m via a note placement to institutional investors to help fund an expansion abroad.
The company, which said it is also scouting for new hires, currently develops offshore and onshore wind farms, and solar PV projects in 18 countries.
“We are planning to continue our growth process in existing and new markets in Asia, Latin America and Europe, and we are looking for additional committed employees to support our teams”, WPD spokesman Christian Schnibbe said.
WPD said the promissory note loan was “well oversubscribed”.
Bayerische Landesbank acted as the sole lead arranger.
Image: WPD
