The management board of Polish solar developer R Power has made a decision to seek a primary equity capital raise, proceeds from which will be used to further accelerate the next phase of the company’s growth strategy.
R Power said it intends to engage in discussions with a group of financial investors interested in provision of new equity capital.
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The potential new investor will be offered an opportunity to become a minority shareholder in the company.
Morgan Stanley & Co International has been retained as a leading financial adviser to the company on the contemplated transaction.
R Power said it is planning growth in Poland, as well as in Italy, Romania, Portugal, Spain and Germany.