CleanTech Capital provides business development, corporate and project finance, mergers & acquisitions, divestitures and restructuring services in the clean technology and renewable energy sector. CleanTech Capital has offices in Europe, North America & South America.
We give advice and offer hands-on business development and transaction execution services to listed and private companies, international and domestic utilities, entrepreneurs and institutional investors.
If you require hands-on and experienced transactors, valuation experts, project managers or interim managers with own business and investment track record we should be your partner.
Tel.: 041 760 3173
Fax: 041 760 3174
E.ON raised 1.34 bn equity in accelerated bookbuild2017/03/16
E.ON use authorized capital and excluded subscription rights of existing investors - E.ON placed 200 million shares equivalent to just under 10% of its share capital at a net price of just below 6.7 with institutional investors in an accelerated book-build program. The price is approx. 10% below the price reached a week ago. Market Cap is now back to 15 bn. S&P and Moodys have both downgraded E.ONs senior rating to BBB (Stable) and Baa2 (Stable) respectively.
New US Budget pro fossil fuels2017/03/16
Budget cuts for renewable energy carves the way away from Paris Agreement 2016 - As expected the new US Budget proposal for 2017 forsees substantial cutbacks on renewable energy budgets and fosters weaker energy protection regulation. President Trump has proposed a 31% cut in spending for the Environmental Protection Agency (EPA) and a 6% cut for the Department of Energy.
ENGIE issued 1.5bn Green Bond 2017/03/16
2nd Green Bond issue - The bond has a 7yr tranche of 700 mn with a 0.875% annual coupon, and a 11yr tranche of 800 mn with a 1.5% annual coupon. The average coupon amounts to 1.20 % for a 9.1 years average duration. The proceeds of the bond will be used to finance renewable energy projects such as wind and solar farms, hydroelectric plants, energy efficiency projects and natural resources preservation projects.
Good bye Climate Target in Germany2017/03/15
German green party published external research analysis - A report by Arepo Consult for the Green Party claims that last years increase in CO2 emissions to 906 mn tons (up from 902 mn tons in 2015) makes it highly unlikely that Germany will reach its 2020 climate target. It would have to reduce CO2 emissions by 40 mn tons each year.
E.ON reported adjusted EBIT of 3.1bn and adjusted net income of 904mn for 2016 2017/03/15
at upper end of guidance range - Being freed from past burdens leads to net loss of roughly 16 bn but also lays foundation for future growth. Additional contract with German federal government for funding nuclear-energy phase-out is ready for signing. E.ON wants to reduce economic net debt from 26.3bn to 20bn in 2017.