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mezzanine capital

29
May

SUNfarming receives mezzanine capital for photovoltaic portfolio with 116 MWp in Germany

By U. Eckmann Comments are Off

The SUNfarming Group from Erkner has received over € 23 million of mezzanine capital from HANSAINVEST Real Assets GmbH through its BPG IPP GmbH & Co. KG ("BPG IPP") in April of this year. The funds have already been disbursed via a subordinated loan from an investment vehicle of the Signal Iduna Insurance Group.

"The long-term financing instrument with low capital costs enables us to expand our working capital financial leeway and drive our expansion in Germany and abroad. The fresh capital offers us the opportunity to further expand our portfolio of solar plants in Germany, Europe and Africa, "says Martin Tauschke, Managing Director of the SUNfarming Group and BPG IPP. "In particular, we will have the opportunity to further develop our innovative Food & Energy concepts and implement our first large-scale projects in the near future," continues Martin Tauschke. However, the SUNfarming Group will continue to focus on the realization and investment of classic solar systems with fixed feed-in tariffs on roofs and unused open spaces, especially in Europe. The company's own PV portfolio is also to be expanded by acquiring existing plants.

Click here for the official press release, only available in German