ABO Wind is to issue a green bond to finance the company’s continued growth and connect more wind, solar and storage projects to the grid.
ABO Wind will publicly offer a corporate bond with a target volume of up to €50m that investors in Germany, Luxembourg and Austria will be able to subscribe to.
For backers in Germany and Luxembourg, the subscription functionality DirectPlace of Deutsche Borse will also be available from 22 April 2024.
The subscription period ends on 2 May 2024, unless the offer period is extended or shortened.
ABO Wind is issuing the bond, which matures on 8 May 2029.
The net proceeds from the bond issue are earmarked for financing current and future renewable energy and storage projects.
In accordance with the company’s framework for green bonds, the funds will be invested in particular in the development and construction of wind and solar parks and battery storage systems (individually and in combination).
“Following the successful issue of a bond in 2021 that is maturing in 2030, we are now issuing a green bond for the first time in order to continue to grow and make the most of the opportunities offered by the current favourable regulatory environment in many of our markets,” said ABO Wind managing director finance Alexander Reinicke.
He added: “Projects with a nominal output of around 23GW are currently under development.
“We have thus significantly strengthened the basis for continued business development and intend to continue on this course.
“We are delighted when investors support us in strengthening our financial resources and help ABO Wind to make a growing contribution to the energy transition and climate protection.”