CCE Group – Clean Capital Energy Group – leading specialist for developing, financing, realising and managing international PV-projects, places a new and green bond with 7% return p.a.
The bond will ensure the development of new projects and progression of ready-to-build assets before selling their whole pipeline to the newly founded CCE Holding.
CCE is active alongside the whole value-chain of PV-projects. 120 employees in 7 countries are developing, financing, realising and managing international PV-projects around the world.
More than 3 gigawatts in development
After initially focusing on financing and structuring of photovoltaic assets, the development of large solar power plants has been consistently pushed in recent years. The CCE Group currently owns project rights (partly via joint venture structures) for photovoltaic systems with a total rated output of over 3 gigawatts in 7 countries.
Sale of the project pipeline
In order to create optimal conditions for becoming a future independent power producer, the new CCE Holding was founded together with partners and an institutional investor. The goal of CCE Holding is to acquire, build and operate the project pipeline of the CCE Group. Some of the projects with a total of 3 gigawatts of nominal output are currently being sold to international investors, with preliminary agreements also being signed. All sales will be completed in multiple transactions by summer 2023. Until then the CCE Group can use the funds from the bond to further expand its project pipeline and develop core projects through to construction maturity in order to further optimize the proceeds from the sale of the pipeline.
For the bond, which has a term of 18 months, investors receive interest of 7% p.a. At the end of the term on December 20, 2023, the bond will be redeemed at the nominal value, with the CCE Group having a right of termination after 12 months. The minimum volume of a CCE Group bond for investors is EUR 100,000.
Part of the bond has already been subscribed to by institutional investors. Buying is currently still possible via the Munich Stock Exchange and directly from the CCE Group
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