Avangrid to raise millions for Siemens Gamesa farm

Iberdrola's US unit will issue close to four billion bonds to secure repayment for a wind farm and a solar project.

Photo: Gamesa

Utility Avangrid will raise additional capital for renewable projects. The company, which is the American branch of Spain's Iberdrola, will thus issue 3.15 percent bonds for USD 600 million on Dec.1, announces Avangrid.

The proceeds from the bond sale can be used to finance both onshore and offshore wind, solar farms and transmissions projects, reports the company.

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