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Solar sector to the fore as Rec launches rights issue

Norwegian Solar energy group Rec is aiming to raise Eu450m in a rights issue while restructuring its debt through a bond and re-negotiating its credit facilities. Last week, solar cell maker Q-Cells, a competitor and former large shareholder of Rec, tapped the equity-linked market with a Eu250m convertible bond. Renewable energy firms had limited access to equity markets this year, but to what extent will the two recent deals change the sector’s refinancing options? Read EuroWeek on Friday.

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