Wind servicer Ziton calls off big equity emission, turns to bonds
Wind service ship operator Ziton has shelved a planned share issue that was aimed at raising upwards of EUR 100 million. The plans turned out to be too costly to realize, says CEO. The shipping company has instead tapped the bond market.
BY SØREN PICO, SHIPPINGWATCH
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The Swedish power company will not build any more new onshore wind farms in Denmark and now intends to divest its current development projects totaling several hundred megawatts. The utility insists that its move is not due to many years of domestic obstacles.
Despite a reduced deficit in the fourth quarter, rig operator Borr Drilling exits 2020 with another deficit of more than USD 300m. The company, which recently secured approval for a rescue plan, still projects a stronger market.