The German based leader in full-service solar power systems for residential homes, MEP Werke GmbH, and its sponsor and private equity investor Strasser Capital GmbH are to join the partner program of Climate Bonds Initiative (CBI) effective immediately. To MEP Werke this is the first important step towards the planned emission of „Green Bonds“.
CBI is an international, investor-focused not-for-profit and the only organisation in the world focusing on mobilizing the bond market for climate change solutions. For MEP Werke, who designs, finances and installs rooftop PV systems and has developed a long-term solar PV lease product (the MEP Solar Lease) offered to homeowners throughout Germany, CBI is the ideal partner for financing structures. MEP Werke aim to offer institutional investors the possibility to invest in green bonds. To demonstrate the potential investors that MEP green bonds are a secured green investment opportunity, the cooperation with CBI ensures meeting CBI standards right from the start.
Strasser Capital Founder and Managing Partner Konstantin Strasser: “We are excited to seal this strategic partnership with CBI today. This partnership will allow us to contribute to the CBI community our expertise in developing and running successful businesses that capitalize on the global energy transition and thereby to accelerate the development towards a low carbon economy. Further to this, we are currently structuring a long-term note issuance programme, secured on a granular portfolio of MEP solar lease receivables, which is anticipated to be the first transaction of its kind in Europe. Together with CBI, we aim to create awareness for this funding approach and to pave the way for other issuers and investors in the future. We want to contribute to the development of this market and are looking forward to a long-term working relationship with the CBI.”
Sean Kidney, CEO of Climate Bonds Initiative complements: “Strasser Capital has diverse experience in developing sustainable investments in several countries. The team’s knowledge and background in private equity particularly in the EU will be of benefit as we work to build green finance and the green bond market to assist low carbon energy transition. We are now looking forward to assisting Strasser Capital and MEP Werke in developing an innovative asset backed financing programmes which will further promote the green bond market in Europe’s largest economy and hopefully create momentum so that more corporate issuers use this funding instrument in the future.”
Source: Climate Bonds Initiative