DEEP Earth Energy Production Corp. (DEEP), a Canadian geothermal company, has secured Canadian dollar 4.5 million private placement offer. This equates to around USD 3.6 million. The company received subscriptions for 4,948,100 units of the company at CAD$ 0.85 per unit, for a total of CAD$ 4,205,885 in proceeds to the corporation.
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The Board of the Green Climate Fund (GCF) has approved Dutch development bank FMO’s proposal to accelerate private and public sector investment in India’s green infrastructure projects. Through the Green Growth Equity Fund (GGEF), managed by EverSource Capital, FMO will invest $137 million in the energy value chain, water, waste and transport sectors that promote low carbon and climate-resilient initiatives, in line with India’s climate objectives and Sustainable Development Goals.
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Capital Dynamics owned Clean Energy Infrastructure (CEI) has acquired a 100 percent equity stake in a 50 MW solar power project in Southern Spain. The 50 MW Puerto Real 2 project has been acquired from WElink Group which is a leading global developer of renewable energy solutions. This is a subsidy-free project and is located near the 133 MW Puerto Real 1 project in the town of Puerto Real in Cadiz province.
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