Capcora Arranges Financings for PV and Onshore Wind Projects
Frankfurt am Main, Germany - Just in time for the end of the year, the consulting company Capcora, specialised in real assets, arranged two follow-up financings for photovoltaic roof top plants and mezzanine capital to finance onshore wind projects in Germany.
Besides the follow up financings for Vodasun and Fellensiek, Capcora once again arranged mezzanine capital for the financing of onshore wind projects in Germany. The funds will be used to recapitalize tied-up equity in an existing project with a capacity of 15 MW and to acquire new wind projects. As Capcoraq points out, the financing was structured as a bearer bond issued by the family office and is collateralized with the shares in the project company that holds the wind farm. The mezzanine financing enables the customer to release its tied-up equity in order to acquire new projects. The first investments have already been implemented. The bond has a term of approximately 1 year with a bullet repayment.
Source: IWR Online, 30 Dec 2019