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DGAP-News: EUSOLAG European Solar AG / Key word(s): Bond/Expansion
EUSOLAG European Solar AG: Equity Co-investing Mandates for Institutionals in the Utility-scale Segment of Solar Power Parks
29.06.2022 / 17:52
The issuer is solely responsible for the content of this announcement.
Frankfurt, 29th June 2022 – Due to very strong investor interest in its strategy of EUSOLAG European Solar AG, a specialist investor in photovoltaic parks, EUSOLAG Management decided to grant access to other institutional investors (pension funds, funds of funds, university endowments, etc.) to selected assets on a dedicated co-investing mandate basis. This allows complimentary penetration in EUSOLAG's deal-flow of solar park projects in the utility-scale segment (above 50 MWp), with total capital needs north of EUR 30 Mio per site/project.
Daniel Spinnler, Member of the Board of EUSOLAG and former Managing Director 'Renewables' of a large Swiss energy company: 'Our second pillar allows fellow institutional investors eyeing the energy space in high demand to access our deal-flow and leverage our project-, asset-management, commercialization and transaction expertise across European solar-park infrastructure markets.'
Karim Sghaier, Director Capital Markets and Board Member at EUSOLAG:“Since the launch of EUSOLAG in Q1 2022 and the success of our 6.25% 2027 corporate bond, there has been unabated enquiries from bulge-bracket institutional investors with EUR Equity mandates looking to enter the commercial- and utility- segments of the solar energy space in Europe with an experienced partner like EUSOLAG. We are proud of this significant recognition of the EUSOLAG team in the sustainable investment community.”
EUSOLAG, under an asset- and project-management mandate of an European-based pension fund, is evaluating in a due diligence phase of three sites with a combined capacity of 110 MWp.
EUSOLAG pipeline has over 470 MWp projects in both commercial and utility segments of solar power plants, being evaluated on a rolling basis.
EUSOLAG European Solar AG
Alicia Meier
Head Investor Relations
T +41 (0)41 560 08 51
EUSOLAG European Solar AG
Lurgiallee 14
60439 Frankfurt am Main
Deutschland
About EUSOLAG European Solar AG
EUSOLAG European Solar AG pursues a two-fold strategy in photovoltaic assets across Europe headquartered in Frankfurt am Main. The company builds an attractive proprietary portfolio of photovoltaic parks across Europe in the commercial segment (below 50MWp). In parallel, EUSOLAG also offers co-investing mandates to equity investors for selected utility-scale projects (above 50MWp). EUSOLAG aims to achieve a steady value growth with positive cash-flow. EUSOLAG keeps a lean management structure, whereby staff-intensive activities are outsourced to third parties while closely managed by EUSOLAG.
1995468D GR Equity
WKN: A3MQYU ISIN: DE000A3MQYU1
29.06.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | EUSOLAG European Solar AG |
| | Lurgiallee 14 |
| | 60439 Frankfurt am Main |
| | Germany |
| Phone: | +41415113709 |
| E-mail: | |
| Internet: | |
| ISIN: | DE000A3MQYU1 |
| WKN: | A3MQYU |
| EQS News ID: | 1387095 |
| |
| End of News | DGAP News Service |
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