The positive assessment of the renowned and independent rating agency oekom research shows that MEP’s Solar Lease issuance meets the Climate Bond Standards and CBI´s criteria for the solar sector with their very first green bond. This paves the way for its certification as “Labelled Green Bond”. The purpose of the issuance program with four tranches is the refinancing of the initial financing sources which are used to build up the portfolio of MEP PV-lease systems. Based on this innovative financing structure the full service photovoltaic provider MEP Werke was able to quickly become one of the leading decentral solar energy providers in Germany. By issuing CBI-certified green bonds, institutional investors will be offered a green investment opportunity in this forward-looking business model.
“MEP green bonds are a totally new and a Europe-wide unique green investment product. As pioneers in the renewable energy sector we aim to offer an attractive and transparent investment opportunity in a sustainable future. Secured term notes with a highly granular, geographically diversified portfolio of PV-lease receivables are perfect investment premises for long term investors such as pension funds and insurance companies”, explains Konstantin Strasser, CEO of MEP Werke.
The careful examination and positive assessment of the MEP green bond by oekom research as an independent and internationally renowned rating agency proves credibility and guarantees to investors that the funds are used for their intended purpose. This considerably facilitates the due diligence process of interested investors. The soon to be expected CBI certification will further reinforce the exclusively green and sustainable purpose of MEP’s issuance program.
For more Information please visit http://www.mep-werke.de
About oekom research AG:
oekom research AG is one of the world’s leading rating agencies in the field of sustainable investment. The agency analyses companies and countries with regard to their environmental and social performance. oekom research has extensive experience as a partner to institutional investors and financial service providers, identifying issuers of securities and bonds which are distinguished by their responsible management of social and environmental issues. More than 140 asset managers and asset owners routinely draw on the rating agency’s research in their investment decision-making. oekom research’s analyses therefore currently influence the management of assets valued at over 600 billion euros.
For more information please see www.oekom-research.com.
About the Climate Bonds Initiative:
The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy. Climate Bond Partners assist in developing initiatives to grow investment in climate solutions, participate in different market development committees and help define policy agendas for sector, country and sub-national programs. NGOs, banks, institutional investors, governments and other stakeholders are eligible to join as Climate Bond Partners to help rapidly grow a global market of green and climate bonds.
For more information please see www.climatebonds.net.