ABO Wind is placing a loan in the form of promissory bills for an amount of €70 million. The proceeds from the sale allow for continued growth and construction of new renewable energy projects.
Financial capacity building
ABO Wind is pursuing its goals by working on wind and solar farms. The company also develops battery storage systems. All these projects have a total capacity of 20 GW in 16 countries.
The company has built a network of 15 GW of renewable energy projects. These will then allow the production of hydrogen. The concept of ABO Wind is based on a turnkey solution for its projects.
Alexander Reinicke, Managing Director of ABO Wind, emphasizes the usefulness of his investment to support the company’s strategy of economic strengthening. In this sense, he considers that it offers the company additional opportunities to realize its projects. The company already strengthened its financial base in previous years with a capital increase and a subordinated bond.
ABO Wind receives bank approval
Initially, ABO Wind planned to issue promissory bills in the amount of €50 million. However, the strong demand and the business opportunities presented bring the sum to €70 million. 17 banks participated in the issue of these promissory bills, including savings banks and foreign banks.
In addition, the tranches of the loan have fixed and variable interest. Finally, the interest is repayable in three, five or seven years. Two banks handled the transaction for ABO Wind. IKB Deutsche Industrieback AG and Landesbank Hessen-Türingen seem to be enthusiastic.
90% of indicative orders receive a validation underlining the excellent reputation of the issuer and the positive evaluation of the industry.
