Acciona renewable energy IPO
Despite the decline of climate-related stocks, Acciona eyes EUR9.8 billion valuation for its renewable energy arm. The Acciona group will use the funds raised to double its renewable energy capacity in the upcoming four (4) years. The Acciona group’s chief executive explained that the IPO is necessary to raise funds and improve the ESG ratings of Acciona’s activities in the renewable sector.
Source: https://www.ft.com/content/27d7f6ef-a24d-4a68-bab2-c5961eb7549f
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