Ocean Sun admitted to trading

Back

Oslo, 26 October 2020 – The renewable energy company Ocean Sun has today been admitted to trading on Merkur Market (ticker code: OSUN-ME).

Ocean Sun has developed a floating power system with solar panels mounted on a thin hydro-elastic membrane. “Our technology offers renewable energy at world-beating cost levels enabled by the water body’s cooling effect, which lowers the solar panels’ operating temperature and increases their power output”, explains the company

Recently, Ocean Sun raised NOK 150 million through a private placement, consisting of NOK 100 million in new shares and NOK 50 million through sale of existing shares. The placement attracted strong interest from Nordic and international investors and was well oversubscribed, reported Ocean Sun

“I am very pleased with the investor interest we have received in the placement. We see multiple growth opportunities within floating solar. A listing on Merkur Market facilitates a foundation to leverage years of development and testing, as well as pursue growth opportunities going forward”, said Chief Executive Officer Børge Bjørneklett. 

The shares in the offering were sold at NOK 18 per share, corresponding to an equity value of NOK 810 million.

Ocean Sun admitted to trading on Merkur Market

Photo: Thomas Brun / NTB

About Ocean Sun  By combining the Norwegian maritime expertise and knowledge within silicon photovoltaics, Ocean Sun has developed an innovative solution to global energy needs. The patented technology is based on solar modules mounted on hydro-elastic membranes and offers cost and performance benefits unseen in any other floating PV system today. With offices in Oslo, Singapore and Shanghai, Ocean Sun is embarking on its vision to be the world's leading technology provider of floating solar. oceansun.no 

Press Release Footer

About Euronext
Euronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, The Netherlands, Norway and Portugal. With close to 1,500 listed issuers worth €3.8 trillion in market capitalisation as of end September 2020, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates Euronext Growth® and Euronext Access®, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Norway and Portugal.
For the latest news, find us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2020, Euronext N.V. - All rights reserved.