Hexagon’s clients have a proven track record of investing in, developing and managing renewable energy or commercial property assets. They demand impartial, creative and timely advice in respect of their, sometimes complex, financing requirements.
EURO 30 million Green Loan structured to satisfy Climate Bond certification standards successfully placed as first tranche of the MEP Green Financing Programme for Solar Leases
Strasser Capital is again at the forefront of financial innovation for sustainable energy and distributed generation solar projects by placing, together with its partner NIBC Bank Deutschland AG, Europe’s first Climate Bond Certified (CBC) long-term loan secured against a granular portfolio of residential solar pv leases to Delta Lloyd Asset Management.
- First issue of a certified 20-year green senior secured fixed rate loan in Europe for long-term financing of a solar lease business model
- Strasser Capital opens the market of the private energy transition to institutional investors
- Innovative financing model for the MEP Solar Lease business model secures long-term institutional large-scale investor
- Strasser Capital positions itself as a “first mover“ on the new market of issuers of green investment products backed by small-ticket solar lease contracts
- Further asset financing for the MEP solar lease business model secured
Munich, 10th Jan. 2017 – Strasser Capital has successfully placed the first green loan tranche (30 million euro) of its MEP Green Financing Programme to the Dutch asset manager Delta Lloyd Asset Management. The transaction has been structured to meet the Climate Bond Standards v2.0 and is Climate Bond Certified by the Climate Bonds Initiative (CBI). The 30 million euro tranche is secured by a highly granular pool of MEP Solar Leases. Strasser Capital is the first to offer institutional investors a long-term participation in MEP Werke’s business model and the German energy transition through a transparent and sustainable green financing programme structured as green bond or loan. The MEP Green Financing Programme will be used to refinance existing sources of debt capital of MEP which have been used to finance the scale-up of its solar lease portfolio.
Hexagon Finance and Advisory acted as joint arranger and adviser to MEP Werke and Strasser Capital for the green loan transaction. For more details or the full press release please see contact Rick Gambetta.
Case Study 1
A privately-held investment company active in the long-term leasing of residential solar PV systems in Germany. With Rick’s experience of having arranged the UK’s first solar bond in November 2012, Hexagon won a warehouse to long-term financing structuring mandate from the company and is advising the company on the implementation of its long-term financing strategy. The first tranche of the Green Financing Programme for solar leases has now been successfully closed, marking the first residential solar PV lease transaction concluded outside the U.S.
Case Study 2
A private equity backed real estate fund with multiple commercial office and industrial property assets seeking to refinance its loan facilities. Hexagon acted as arranger and debt adviser to the fund for which it secured new, flexible and competitive senior debt and hedging facilities.
Case Study 3
A partnership invested in prime office properties valued in excess of £200 million. Hexagon is retained as debt adviser to the partnership in relation to its assets and liabilities, in conjunction with a property and asset manager.
Case Study 4
A joint venture active in the development of biomass projects across the UK. Hexagon is retained as debt arranger to the joint venture and is advising the company on the financing alternatives available in the market for it to expand its portfolio of operational assets substantially.