The company will use the money to acquire further projects, said chairman Tony Roper:
“We are delighted with the support shown by both existing and new investors in this fundraise. The proceeds raised will enable us to fund specific acquisition opportunities under advanced negotiation, to diversify and expand the existing portfolio and reflects SEEIT’s strong momentum since its IPO in December.”
According to SEEIT’s prospectus, its pipeline includes a rooftop solar PV project for a large UK retailer, and co-generation assets in Southern Europe.
Investment bank Jefferies is acting as SEEIT sponsor and sole bookrunner for the follow-on.