UK green equity issuance grows in another good week

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By Sam Kerr
18 Feb 2021

The momentum behind green equity capital markets built further this week in the UK, with the latest deal from Greencoat UK Wind and the opening of books on the London flotation of NextEnergy Renewables, the solar power company.

Greencoat priced a £197.6m equity raise to pay off debt taken out for acquisition financing, a method the company has used multiple times since its IPO in 2013.

The firm last raised equity in September, with a £400m raise, the largest deal by an investment company since 2017.

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