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