capital increase

The company increased its shareholding from 49% to 65% through an agreed capital increase and assumes the role of majority shareholder.

Polish renewables developer R.Power has secured a €75 million (US$79.5 million) investment from the European Bank for Reconstruction and Development (EBRD).

Parent Creadev, existing backer Proparco and the EBRD to fund €283m of total capital increase, launched by firm to push PV, wind portfolio from current 1GW.