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Sep 18, 2024 11:49 CESTSwiss renewable energy group KKB raises CHF 83m in fresh capital
Aug 8, 2014 - Swiss renewable energy firm KKB AG said Thursday it has completed a CHF-82.7-million (EUR 68.2m/USD 91m) capital increase.
The company received additional proceeds of CHF 17.6 million in the form of contributions-in-kind and shareholder loan conversions.
KKB, which operates water-, wind- and solar-power plants, said this is the largest capital increase in its history.
KKB focuses on the purchase of small power stations with capacity of between 200 kW and 15 MW in Switzerland, Italy, Germany and Norway.
(CHF 1 = EUR 0.82/USD 1.10)
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