Alle Storys
Folgen
Keine Story von Luxcara GmbH mehr verpassen.

Luxcara GmbH

MEAG and Luxcara again structure financing for Norwegian wind farms

Ein Dokument

Luxcara and MEAG have initiated and structured a project bond to finance the wind farms Skinansfjellet und Gravdal in Norway.

Luxcara, one of Europe's leading asset managers for renewable energy investments, and MEAG, the asset manager of Munich Re and ERGO, have initiated and structured a project bond to finance the wind farms Skinansfjellet und Gravdal in Norway.

Similar to the financing of the wind farm Eikeland-Steinsland in July 2018, a lower three-digit million euro amount of projects bonds has been privately placed with investors of the Munich Re group, the Austrian insurance company UNIQA and one further European insurance group. Equity is provided by a renewable energy fund for institutional investors, which is advised by Luxcara.

The wind farms Skinansfjellet and Gravdal are located in windy Southern Norway and belong to the Bjerkreim cluster, which Luxcara acquired in 2016. The Bjerkreim cluster has a capacity of 294 MW. The financing is based upon a long-term power purchase agreement (PPA) with Facebook.

"By broadening the institutional investor base compared to the wind farm Eikeland-Steinsland, we have proven our ability to structure and place project bond financings of renewable energy projects and thus addressing the individual needs of institutional investors in this regard. We are already looking forward to realizing more attractive debt financing solutions of solar and wind projects in the near future", says Marc Brehm, Managing Partner of Luxcara.

Holger Kerzel, Managing Director of MEAG: "This project in established partnership fulfills our high requirements to sustainable and economically successful investments. Private financing by MEAG makes an important contribution to the maintenance and renewal of infrastructure and the development of renewables."

Dimitar Lambrev, Senior Portfolio Manager of UNIQA: "For the UNIQA Group sustainability means taking over responsibility in an economical, societal and ecological way. Financing the project Skinansfjellet/Gravdal forms part of our sustainability strategy."

Luxcara and MEAG jointly structured the financing. Acting as the arranger, MEAG represents Munich Re's institutional investors. Luxcara was advised legally by Norton Rose Fulbright and MEAG by White & Case LLP. The financing of the wind farm benefits from an insurance package which has been structured by Munich Re's Corporate Insurance Partner. Furthermore, Munich Re's inhouse technical advisor Hartford Steam Boiler Inspection and Insurance Co. (HSB), Connecticut has been employed in the technical due diligence.

About Luxcara

Luxcara is an independent asset manager offering institutional investors equity and debt investment opportunities in the international renewable energy market. The owner-managed company was founded in 2009. Luxcara acquires, structures, finances and operates renewable energy and related infrastructure projects as a long-term buy-and-hold investor. The company specializes in structuring free-market power purchase agreements.

Luxcara's portfolio includes solar and wind power plants across Europe with a total capacity of more than 1 gigawatt and an investment volume exceeding 2.3 billion euros. With this outstanding track record, Luxcara is one of Europe's most experienced asset managers for renewable energy investments.

Mit freundlichen Grüßen / Kind regards
Theresia Langosz-Römbell
Organization Development, CSR & Communications Manager

 

T:   +49 40 6056 41 436
M: +49 172 2480 875
F:   +49 40 6056 41 444

Große Bleichen 31
20354 Hamburg

 www.luxcara.com

??Bitte denken Sie an die Umwelt, bevor Sie diese E-Mail ausdrucken.

Luxcara AMC GmbH, Sitz der Gesellschaft: 20354 Hamburg; Registergericht Hamburg,
HRB 120208
Geschäftsführer: Dr. Alexandra von Bernstorff, Kathrin Oechtering

Diese E-Mail enthält für den Adressaten persönlich bestimmte vertrauliche
und/oder rechtlich geschützte Informationen. Wenn Sie nicht der richtige
Adressat sind oder diese E-Mail irrtümlich erhalten haben, informieren Sie bitte
sofort den Absender und vernichten Sie diese Mail. Das unerlaubte Kopieren sowie
die unbefugte Weitergabe dieser Mail ist nicht gestattet. Der Inhalt dieser
E-Mail ist nur rechtsverbindlich, wenn er von unserer Seite schriftlich durch
Brief oder Telefax bestätigt wird. Die Versendung von E-Mails an uns hat keine
fristwahrende Wirkung.
Weitere Storys: Luxcara GmbH
Weitere Storys: Luxcara GmbH
  • 14.03.2019 – 09:51

    Luxcara and Alpiq enter into long-term PPA for Spanish solar project

    Luxcara and Alpiq have entered into a physical long-term power purchase agreement (PPA) for the output of the Spanish solar project El Salobral. Luxcara, one of the leading asset managers for renewable energy investments, and Alpiq, a pan European energy services provider and electricity producer with ...

    Ein Dokument
  • 21.02.2019 – 07:33

    Luxcara increases Nordic presence with 100 MW wind power project in Finland

    Luxcara, one of the leading asset managers for renewable energy investments, has ac-quired the Finnish wind power project Välikangas, which has a projected capacity of 100 MW. Luxcara, one of the leading asset managers for renewable energy investments, has acquired the Finnish wind power project ...

    Ein Dokument
  • 10.01.2019 – 08:07

    Luxcara acquires 121 MWp solar project in southern Spain for institutional investors

    Luxcara, one of the leading asset managers for renewable energy investments, has acquired the solar project Guillena-Salteras located in southern Spain. Luxcara, one of the leading asset managers for renewable energy investments, has acquired the solar project Guillena-Salteras located in southern ...

    Ein Dokument