Estonian wind undertaking targets EUR 150m in funding by way of inexperienced bond concern
April 5 (Renewables Now) – A shovel-ready wind undertaking in Estonia with a deliberate capability of 100 MW is launching a EUR-150-million (USD 164m) inexperienced bond to safe funding for its building.
Estonia-based expertise innovation agency Eleon Inexperienced AS is the corporate that leads the Aidu Wind Farm undertaking and is the producer of the 30 generators that can make up the power in northeast Estonia. Via the bond issuance, it seeks to acquire the wanted funding to finish the fully-permitted scheme by 2025.
Based on the announcement, Aidu would be the final beneficiary of a high-level fixed-rate authorities subsidy spanning 12 years at EUR 53.7 per MWh.
The 12-year inexperienced bond will probably be structured by UK-based Bedford Row Capital Plc and issued by inexperienced bond issuance platform Sustainable Capital Plc.
“There’s a scarcity of institutional capital for mid-size initiatives creating above-average returns ‘greenium’ for high-impact initiatives. By democratising entry to capital, BRC hopes to bridge that hole, and the Aidu is an ideal instance of this,” said Scott Levy, CEO of BRC.
(EUR 1.0 = USD 1.094)
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