Solaria Raises €300 Million to Fund Data Center, Battery Boost

Spanish clean-energy producer Solaria Energía y Medio Ambiente SA has raised about €300 million in a share offering, with the funds to be deployed in expanding its data center and battery storage operations.

The transaction combines an accelerated placement and the issuance of new shares, representing 10% of the total share capital, Solaria said in statement Wednesday. The offering was priced at €24 per share, with a 4.9% discount to Tuesday’s closing price.