Carnegie Clean Energy’s $6 million capital raising via share purchase plan (SPP), launched to support the delivery of project pipeline, will close in three days.
The SPP allows eligible shareholders to purchase between $2,500 and $15,000 worth of shares in Carnegie at 6.7 cents per share, according to the Australia-based clean energy developer.
The capital raised in the SPP will allow Carnegie to fund its share of the 10MW Northam Solar Project and receive the associated economic benefit, as well as supporting Carnegie’s solar and microgrid project pipeline development and delivery.
In addition to the ownership of the project, Carnegie’s Energy Made Clean and Lendlease joint venture will be engaged to build the project.
The SPP capital raising closes on April 13, 2017.