Neoen, a France-based renewable firm, has launched a €600 million ($715 million) share issue to fund projects in Australia, France and Finland.
According to Reuters, this is part of a €5 billion ($5.9 billion) expansion plan aimed at doubling power capacity by 2025, primarily in countries where the firm already operates.
Neoen already has received €199 million ($237 million) in commitments from its main shareholder Impala, as well as €34 million ($40 million) from FSP and €20 million ($24 million) from Bpifrance.
The issue was priced at €28 ($33) per share.