EDP Renewables plans to raise some €1.5bn ($1.8bn) in a capital increase to finance part of its new strategic plan that includes massive spending in order to double its renewables capacity to 40GW in five years.
To swiftly implement the capital increase, the utility has mandated Citigroup and Morgan Stanley to launch an offshoring of shares via accelerated book-building (ABB) exclusively to qualified and institutional investors.
