Renewables Infrastructure plans to issue 16 million new ordinary shares

By Lisa Kerner

Charlotte, N.C., Oct. 27 – Renewables Infrastructure Group Ltd. is proposing an equity issuance for about 16 million of new ordinary shares that would close in early November.

The issuance would complete the company’s share issuance program launched on Dec. 1, 2014.

The program is for up to 250 million shares to be issued within 12 months of the launch date, according to a news release.

In addition, the company may issue up to about 10% of its issued share capital.

Renewables Infrastructure is a London-based investment company with a focus on onshore wind farms and solar PV parks.

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