Helius Energy, Credit Suisse enter agreement

Helius Energy PLC, a U.K.-based company that specializes in biomass-fired power plants, has entered into an equity subscription agreement worth £2 million (US$3.1 million) with Credit Suisse, a Switzerland-based global financial services company. According to the agreement, Credit Suisse will obtain 14.8 million new ordinary shares in the company at 13.5 pence (26 cents) per share. Helius' 65-megawatt power plant under construction in Stallingborough, North East Lincolnshire, will utilize much of the funds.

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