The company says that both new and existing private and institutional investors acquired 4,838,710 new ordinary shares at 15.5p per share on the London Stock Exchange AIM market.
The funding will support due diligence required by Banco Santander as a precondition to it providing $69m in equity financing for the projects.
This includes accelerating various final studies and obtaining remaining permits, as well as taking additional wind measurements at the proposed project sites.
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