SPI to raise US$50 million in private share placement

May 5, 2015
Facebook
Twitter
LinkedIn
Reddit
Email

Project developer SPI is set to raise US$50 million in a private placement of shares as it looks to build out its pipeline.

Yes Yield Investments will purchase US$25 million of shares at a price of US$2.70 each. Yes Yield will also have the option to purchase a further US$25 million of share at the same price.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Shares in SPI have traded at or below US$2 since the turn of the year.

The proceeds will be used for general corporate purposes and the expansion of the company’s project pipeline.

The company stressed that the deal is still subject to final approvals.

Read Next

February 26, 2026
A round-up of several project stories in the US that have been announced this week, including OCI Energy, Arava Power, Arevon Energy and MN8.
February 26, 2026
Chinese polysilicon and PV module manufacturer Tongwei has announced a significant plan to acquire competitor Qinghai Lihao Clean Energy.
February 26, 2026
Spanish independent power producer (IPP) Zelestra has started construction at a 242MW solar PV project in Perú.
February 26, 2026
Co-located storage has been “overhyped” as a prop for commercially underperforming solar assets in Europe and should not be regarded as a “silver bullet”.
Premium
February 26, 2026
Europe’s somewhat delicate position in global solar means it is uniquely-positioned to take advantage of global supply chain uncertainties.
February 26, 2026
Australian coalition warns data centres: build own renewables or face backlash. Demand to surge from 3TWh to 30TWh by 2035.

Upcoming Events

Solar Media Events
March 24, 2026
Dallas, Texas
Solar Media Events
April 15, 2026
Milan, Italy
Solar Media Events
June 16, 2026
Napa, USA
Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain