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French renewables outfit will use proceeds to invest in new projects as part of its €5.3bn investment goal to 2025

Energy supplier forecasts a result of between €1050m and €1250m for the business for this fiscal year

Improvement largely driven by a better pricing environment and more efficient execution

Dutch/German TSO improves revenue and EBIT and makes record investments in 2020

Decrease driven mainly by ‘downwards revision’ in long-term UK and Australian power price forecasts

The initial offering will price the new shares at £1.23 each

Preliminary results show EBITDA down to €94.0m last year from €123.8m in 2019

Renewity is taking aim at the ‘$300bn shortfall’ needed to meet the 2015 Paris Agreement goals

41% of revenue was related to wind farm work in the last financial year

Capital increase is part of €19bn plan to deploy about 20GW of renewables by 2025