Market Environment
The growing solar energy sector is contributing significantly to the shift towards more renewable energies in Europe. The European solar market is on a growth trajectory, with several factors sustaining this development over the next years. By 2030, the European Union (EU) has committed to installing 209 GW of additional solar PV capacity under member states' National Energy and Climate Plans (NECPs). SolarPower Europe's estimated market development over the next few years under a medium scenario is to add an estimated 24 GW annually across all 27 EU member states.
Initiator
The CCE Group GmbH was founded 2010 in Austria and focuses on the development, realisation, financing and management of large ground-mounted PV systems as well as private and commercial rooftop PV systems. With its solution-oriented approach, which reflects many years of experience along the entire value chain, the company aims to make an important contribution to the global energy transition. The CCE Group is headquartered in Garsten (Austria) and provides offices in Germany, Italy, France, the Netherlands and Chile. Worldwide, CCE implements solar projects with a total output of more than two Gigawatt in different phases of development. Around one hundred employees contribute daily to making these projects a reality.
Investment concept
CCE Group issued the bond (ISIN: DE000A285FP4) in 2020 with a 10% p.a. coupon. CCE has used the funds from the new bond issue to further develop its pipeline of photovoltaic solar plants with a combined volume of 2GW in key European markets as well as in Chile. Proceeds from the sale of the ready-to-build projects, together with other funds available to CCE, will be used to redeem the bonds in June 2022. SDG INVESMENTS has successfully arranged a secondary market transaction.
