Investors

10
Jun

Successful bond full placement of EUR 10 million

For additional project development and pre-financing exclusively for German solar projects, SUNfarming has, in addition to the established financing mix, gross issue proceeds of EUR 10 million from the listed 5.5% corporate bond 2020/2025 (ISIN: DE000A254UP9). Here, SUNfarming was able to successfully place the maximum issue volume well before the end of the offer period.

Martin Tauschke, CEO of SUNfarming GmbH: “We are proud that in 2020 we were once again able to demonstrate our earning power despite the effects of the pandemic. We are just as happy about the positive start into the 2021 financial year and the successful full placement of our listed debut bond. We will do everything in our power to live up to the trust of our investors and to establish ourselves as a reliable issuer on the capital market over the long term."

SUNfarming GmbH recorded a successful 2020 financial year based on preliminary figures. SUNfarming was able to increase earnings before interest, taxes, depreciation and amortization (EBITDA) by 29.4% from EUR 1.7 million to EUR 2.2 million. This corresponds to an improved EBITDA margin of 7.9% after 4.7% in the previous year. The annual surplus increased by 87.5% from EUR 0.8 million to EUR 1.5 million. The positive development is also reflected in the equity ratio, which rose from 24.7% to 34.9%.

For the 2021 financial year, SUNfarming expects to improve both sales and earnings. In the 1st quarter, projects with an installed capacity of approx. 5 MWp and in Poland of approx. 3.9 MWp were successfully implemented. In Germany there were seven roof-top projects with a total output of 3.5 MWp and two ground-mounted systems with an output of 750 kWp each.

For the rest of the year there are currently around 27.3 MWp of new projects being planned and implemented. More than 60% of these consist of free-field PV projects that are subject to tendering with a capacity of over 750 kWp, around 20% consist of classic EEG-compensated free-field systems with an output of up to 750 kWp and around 20% roof systems with a total output of over 100 kWp. In addition to the new projects, around 29 MWp of project expansions are being implemented, of which the first two projects will be completed in the second quarter. In addition, several major projects of 20 MWp and more are in development for 2022.

22
Jan

We would like to invite you to EnergyDecentral

to EuroTier - the world's leading trade fair for animal production and to EnergyDecentral - the international trade fair for innovative energy supply -
which will take place for the first time in a digital version from February 9 to 12, 2021.

As a visitor, "EuroTier/EnergyDecentral digital" offers you an extensive technical programme and attractive opportunities for networking.

Visit us in our digital showroom on our company profile and make an appointment with us.
Please contact us to get a free ticket
e.hinojosa(at)sunfarming.de

We look forward to your participation!

Link to EnergyDecentral

16
Dec

SUNfarming has so far collected 7.50 million euros with a coporate bond

Successful 2020 with approx. 50 MW installed capacity in Germany and abroad. When it was listed on the stock exchange, it was 5.75 million euros, the bond has now raised 7.5 million euros.

The funds received are intended for additional project development and pre-financing exclusively for German solar projects.

Martin Tauschke, CEO of SUNfarming GmbH: “We are very happy about the trust that investors have in us. Especially in view of the current capital market environment, we are extremely satisfied with the fact that we were able to already successfully place around 75% of the total volume. This result speaks very clearly for our company, our strategy and the undisputed growth market of renewable energies. "
Despite the ongoing effects of the COVID-19 pandemic, SUNfarming expects 2020 to be a successful year with around 50 MWp of completed projects in Germany and abroad.
For the first half of 2021, the project pipeline already comprises more than 30 MW.


More information can be found here (in German)

(Photo, from left to right: Karsten Balzer, SUNfarming authorized signatory, Martin Tauschke, CEO of SUNfarming GmbH)

9
Dec

SUNfarming is planning a 500 MW agro-solar park in Brandenburg

The following article is a translation and was published on December 4th, 2020 in the Spreejournal Fürstenwalde, Bettina Winkler)

Steinhöfel relies on the sun

Five farmers from the Odervorland office are providing areas for a photovoltaic park, which is to become one of the largest in Brandenburg.
Farmers in the region have been concerned for years and are fighting to keep their farms going. Due to climate change, the amount of precipitation has almost halved in the last 30 years and the productivity of the soil is declining more and more.
The Sunfarming GmbH from Erkner is now promising farmers from the Steinhöfel community income independent of traditional agriculture. Double-use photovoltaic systems are to be built on low-yield soils. Means: On the one hand, solar energy is generated by the higher-placed modules. On the other hand, the areas below can still be used for agriculture.


Trees shield systems
The aim is to create a climate park that is spread over several areas. The systems should stand outside the field of vision and be shielded by hedges or rows of trees. The operator expects a total output of over 500 megawatts. This would make the future project one of the largest in Brandenburg. The community representatives are aware of the importance of the project and see a great opportunity for rural areas. They unanimously decided to initiate the necessary changes to the development plan and the land use plan in the individual districts. “The project is a huge opportunity for our company. We have long been looking for land use that is independent of the weather and offers financial security, ”says Benjamin Meise, Managing Director of Fürstenwalder Agrarprodukte GmbH. "Many farmers are up to their necks". Benjamin Meise has already selected abandoned or low-yield areas for the climate park.

Set-aside areas or low-yield soils are built on with modules.

The OderSpree district farmers' association also takes the view that photovoltaic systems belong on roofs, commercial and special buildings as well as conversion areas. For free-field systems, primarily non-agricultural areas are to be used. "In the case of agro-photovoltaic systems, on the other hand, the areas used for agriculture are not lost and can continue to be cultivated," says district manager Dr. Karsten Lorenz. In his opinion, the planned system in Steinhöfel should therefore be seen more as a pilot system in which several farmers have come together to test the new type of management using photovoltaics on very low-yield locations in terms of economy and profitability.
For Sunfarming from Erkner, the solar park on the planned scale is a pilot project.

19
Nov

The placed volume of the new listed 5.5% corporate bond 2020/2025 is already 5.75 million euros

- Successful 2020 with approx. 40 MW installed capacity in Germany and abroad

PRESS RELEASE
Erkner, November 19, 2020 - SUNfarming GmbH, a specialist in project planning, turnkey implementation and technical and commercial management of photovoltaic systems in Germany and abroad, was able to achieve 5.75 million euros in the first phase of the offer period on November 18, 2020 of the new 5.5% corporate bond 2020/2025 (ISIN: DE000A254UP9). The funds received are intended for additional project development and pre-financing exclusively for German solar projects.

The security was included in trading on the Open Market of Deutsche Börse AG (open market of the Frankfurt Stock Exchange) on November 16, 2020 as planned. Interested private and institutional investors can continue to subscribe for the bond through Umweltfinanz Wertpapierhandelshaus GmbH up to the full placement with a volume of 10 million euros. The emission will be accompanied by Lewisfield Deutschland GmbH as financial advisor.

Martin Tauschke, CEO of SUNfarming GmbH: “We are very happy about the trust that investors have in us. Especially in view of the current capital market environment, we are extremely satisfied with the fact that we were able to successfully place around 60% of the total volume in the first two months of the offer period. This opening result speaks very clearly for our company, our strategy and the undisputed growth market of renewable energies."

Despite the ongoing effects of the COVID-19 pandemic, SUNfarming expects 2020 to be a successful year with around 40 MWp of completed projects in Germany and abroad. For the first half of 2021, the project pipeline already comprises more than 30 MW. “We see ourselves well positioned for our further growth. We are particularly proud of the bid surcharges for over 13 MW in the tender by the Federal Network Agency. This shows that we are also successful in the market for larger freefield projects. Many other projects are already in intensive project development, ”explains Martin Tauschke.

More information can be found here (German)

(Photo, from left to right: Karsten Balzer, SUNfarming authorized signatory, Martin Tauschke, CEO of SUNfarming GmbH)

11
Nov

SUNfarming Polska receives funding from mBank and ING Bank Śląski S.A.

SUNfarming Polska has a loan agreement with mBank and ING Bank Śląski S.A. signed for the refinancing of solar parks with a total output of over 48 MW. The loan amount from both banks is over PLN 206 million.

The loan agreement signed with mBank in September 2020 related to a portfolio of PV projects with a total capacity of over 22 MW and amounts to PLN 90.65 million. And the loan agreement signed in October 2020 for the 26 MW portfolio with ING Bank Śląski S.A. amounts to PLN 116 million. Both loans are for 15 years, which is also the period of the FIT payments granted. Furthermore, VAT could also be co-financed as a bridge loan.

The capacity of the individual projects from the SUNfarming Polska portfolio is less than 1 MW. Each project has a 15-year guarantee on the sale of energy in the auction system carried out by the Energy Regulatory Authority (URE) in 2016, 2017 and 2018. Almost all projects have already been completed and are already feeding into the public grid. SUNfarming Polska's portfolio includes projects that can be found across the country, most of the projects are located in Łódzkie, Wielkopolskie, Podlaskie and in the north-eastern part of Śląskie Voivodeship. In total, over 2 GW of photovoltaics were installed across Poland. The Polish market for ground-mounted photovoltaic power plants is mainly based on the auction system.

“We are very pleased that we have been able to conclude both loan agreements and that the Polish financial market has opened up for solar parks. The signing of both loan agreements is the culmination of the hard work of the entire team as well as the close collaboration with our experienced parent company. A big thank you also to the law firm Roedl & Partner from Gdansk and Luther Rechtsanwälte from Hamburg, who supported us in both loan transactions "- explains project manager of SUNfarming Polska, Anna Pilarczyk-Naprawski.

(Foto from left to right: Piotr Budzyniak, Martin Tauschke, Anna Pilarczyk, SUNfarming Polska)