RENEWABLE ENERGY

Novera finalises $5.3m share placement

RENEWABLE energy company, Novera Energy, has completed the placement of 17,620,500 new shares at ...

“The main purpose of the raising is to finance the proposed acquisition of the initial group of wind power assets in Germany as announced on 5 April 2005,” said Novera chairman Don Stammer.

“I am delighted at this vote of confidence in Novera’s growth strategy by these investors. This investment by UK-based institutions underlines the strong interest in renewable energy growth in Europe.”

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