Spain's Opdenergy aims to raise 400 mln euros in IPO

By Reuters6 days ago


By Inti Landauro and Isla Binnie

MADRID, April 8 (Reuters) - Spanish renewable energy company Opdenergy will seek to raise 400 million euros ($474.8 million) in a stock market listing to finance new solar and wind power projects, it said on Thursday.

Rising demand for environment-friendly investments has prompted companies to explore investor appetite for Spain's under-exploited solar sector and more established wind power industry.

Interest is being spurred by government targets in line with international requirements to decarbonise economies and slow climate change.

Heavyweights Acciona ANA.MC and Repsol REP.MC are working on spinning off their low-carbon energy businesses, with the former deciding to sell shares publicly while the latter is considering an IPO or a private stake sale.

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