on Energiekontor AG (isin : DE0005313506)
Energiekontor AG Launches Sustainable Bond for Renewable Projects
Energiekontor AG, a prominent German developer and operator of wind and solar parks, is issuing a sustainable corporate bond with a target volume of €20 million. This bond is available for subscription by both institutional and private investors until January 2024, with 75% already placed. Offering an annual interest rate of 5.25% over seven years, the bond aligns with Germany's increasing share of renewable energy consumption, now exceeding 50%.
The funds raised aim to finance new wind and solar projects across Germany, the UK, France, Portugal, and the US. Energiekontor's project pipeline has expanded to 12 gigawatts, featuring a mix of onshore wind and solar projects, with permits for more than one gigawatt and 370 megawatts currently under construction or financially secured.
Energiekontor already operates 39 wind and solar parks, ensuring stable income through electricity sales. An additional 220 megawatts are under development, enhancing the portfolio's future capacity. Interested investors can access comprehensive information via Energiekontor's website.
R. E.
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