Germany’s Eusolag European Solar issues EUR 10m green bond – EQ Mag Pro
German photo voltaic asset supervisor Eusolag European Solar AG has issued a green bond price EUR 10 million (USD 10.96m) to fund its progress and finance the acquisition of its first photo voltaic initiatives.
The bond is due in 5 years and bears a coupon of 6.25% per yr. It will begin buying and selling on the inventory market in Frankfurt within the coming days, Eusolag stated on Tuesday.
The word is the primary tranche of Eusolag’s Green Energy-Liberty Bond that was unveiled earlier in March and will attain a quantity of as much as EUR 125 million.
The Frankfurt-based investor is searching for to construct a portfolio of photo voltaic vegetation price greater than EUR 500 million within the subsequent 5 years. The firm is specializing in services of between 2 MW and 50 MW throughout Europe. Eusolag will search to maximise the revenues from the vegetation on the spot market in addition to with energy buy agreements (PPAs), board member Daniel Spinnler stated earlier this month.
(EUR 1 = USD 1.097)
Source: renewablesnow
