Wind companies ready to brave the capital markets

Finance experts expect more initial public offerings (IPO) in the wind energy sector in 2014 after a year in which half a dozen companies on both sides of the Atlantic successfully raised nearly $2.3 billion by tapping the public equity markets.
 
"It is hard to really predict how many will come out of the gate and actually get done. But there are 10-20 companies out there working on it, wondering if this is good source of low-cost capital for them and if they have what it takes to make a placement like this," says Michael Eckhart, global head of environmental finance with Citigroup.
 
British fund Greencoat UK Wind started a wave of IPOs in March 2013, raising £260 million ($433 million). NRG Yield in the US and the Renewables Infrastructure Group (TRIG) in the UK followed in July with offerings of $431 million and £300 million, respectively. Canada's TransAlta Renewables completed a C$221 million (US$200 million) share sale in August, California-based Pattern Energy raised $352 million in October, and the UK's Infinis rounded up the year with a £234 million share sale in November.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Nature’s Generator MyGrid 10K

Nature's Generator MyGrid 10K

A 10,000W plug & play whole-home generator with a 10kWh LiFePO4 battery for reliable backup power. Features easy setup, flexible 120V/208-240V input, and solar/wind charging. Expandable with extra batteries or solar panels, and can pair two units for 20,000W for even larger energy needs. Powers your home during power outages, reduces electricity costs, and supports sustainable energy.