August 19 (Renewables Now) – Polish renewable vitality firm Figene Capital SA has appointed worldwide funding financial institution DC Advisory to assist it discover a monetary or strategic investor prepared to assist the agency in creating its venture portfolio.
Figene, which is listed on the NewConnect market, is a developer of wind and photo voltaic photovoltaic (PV) initiatives with an present portfolio of shovel-ready wind schemes totalling 118 MW of potential capability. The corporate targets creating a 700-MW-plus renewables portfolio and intends to generate income from the sale of electrical energy by means of energy buy agreements (PPAs).
The corporate mentioned in an announcement that it plans to make use of the monetary assets obtained from the brand new investor to finance the development of its present initiatives and to additional develop its portfolio.
“The brand new monetary assets which we’ll safe will enable us to implement our funding plans and develop extra RES initiatives. Given the excessive worth of our asset portfolio, we imagine that such an association can be helpful for each events,” commented Janusz Petrykowski, president of Figene’s administration board.