French developer Futuren has issued shares with attached stock warrants to raise up to €23.4m to help speed up the company’s planned development.
The company said that until 9 June the exercise of three stock warrants will give the entitlement to subscribe to one Futuren share at a price of €0.60 a share.
But any stock warrant not exercised before market close on 9 June will be cancelled, Futuren said.
The company is planning to double its installed capacity in France and Morocco in the short term.
It currently operates 343MW for its own account, with a further 199MW having obtained all authorisations needed to be built.
Futuren said 31MW currently under construction will be commissioned by the end of 2016 with a further 21MW to be commissioned in early 2018.
Image: sxc
