Asian investors commit $150m to Arctic Green Energy
CITIC Capital and China Everbright have committed $100 million in debt and equity funding to Iceland-based geothermal energy developer Arctic Green Energy (AGE), alongside a $50 million loan facility provided by the Asian Development Bank (ADB).
CITIC, an existing investor in AGE, invested $30 million, while newcomer China Everbright paid $70 million for shares and an exchangeable bond issued by the company. AGE will use the fresh capital to support...
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