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External Company Press Release
After securing a private placement of 9 MEUR, CorPower has extended its equity funding to 20.3 MEUR, for the commercial scale demonstration of its wave energy technology. The investment round was led by Midroc New Technology and included SEB Greentech VC, family offices and private investors. Pareto Securities acted as Sole Manager and Bookrunner in the transaction.
 
The 9 MEUR investment announced today combined with previous tranches of 9 MEUR in July 2020 and 2.3 MEUR in December 2018 brings total equity funding to support the demonstration of CorPower s first commercial scale WEC in the flagship HiWave-5project - and its long-term development of supply and service capacity for commercial wave farms to 20.3 MEUR. ....

Viana Do Castelo , Distrito De Viana Do Castelo , United Kingdom , Corpower Wecs , Corpower Ocean , Corpower Hiwave , Swedish Energy Agency , Wave Energy Converters Wecs , Midroc New Technology , Corpower Technology , Corpower Wave Energy Converter , European Commission , Wave Energy Scotland , Sole Manager , Power Ocean , Wave Energy Converters , Hydro Power , Annual Energy , வியான செய் காஸ்டெலோ , திஸ்திரிதோ டி வியான செய் காஸ்டெலோ , ஒன்றுபட்டது கிஂக்டம் , ஐரோப்பிய தரகு , அலை ஆற்றல் ஸ்காட்லாந்து , ஒரே மேலாளர் , பவர் கடல் , அலை ஆற்றல் மாற்றிகள் ,