John Fredriksen-backed Edda Wind has raised gross proceeds of NOK 399.5m ($37.7m) in a private placement of 17m new shares.

The offer share price was NOK 23.5, according to a statement.

The major company owners, Fredriksen’s Geveran Trading, Wilhelmsen New Energy and Idan Ofer’s EPS Ventures, had pre-subscribed for the full private placement and were allocated 5.275m