Kleinkraftwerk Birseck Raising $43 Million for Renewables

(Bloomberg) — Kleinkraftwerk Birseck AG, a Swiss low-carbon energy developer, plans to raise 40 million Swiss francs
($43 million) to invest in solar, wind and hydropower.

The company plans to obtain approval to raise the money
through an issue of 4.44 million new shares at a price of 9
francs each, it said Thursday in an e-mailed statement.

The funds will be invested to expand its portfolio across
hydropower, wind and solar energy in Switzerland, Germany,
France, Italy and Norway, it said. It’s aiming for 300 megawatts
of renewable power plants by 2020.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Tony Barrett, Will Kennedy

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