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MEP Werke becomes Climate Bonds Partner

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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. 

For MEP Werke this is the first important step towards their planned ‘Green Bonds’ program.

CBI is an international, investor-focused not-for-profit and the leading organisation in the world focusing on mobilizing the bond market for climate change solutions. MEP Werke, who designs, finances and installs rooftop PV systems, has developed a long-term solar PV lease product (the MEP Solar Lease) offered to homeowners throughout Germany. 

They aim to offer institutional investors the possibility to invest in green bonds and other green instruments. MEP Werke will undertake to meet the relevant Climate Bonds Standards.

Strasser Capital Founder and Managing Partner Konstantin Strasser, says: “We are excited to seal this strategic partnership with CBI today. It will allow us to contribute to the CBI community our expertise in developing and running successful businesses that capitalise on the global energy transition and thereby 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 CBI.”

Climate Bonds CEO Sean Kidney (pictured), says: “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 the green bond market to assist in the low carbon energy transition."

"We are looking forward to working with Strasser Capital and MEP Werke in stimulating innovative asset backed financing programmes, ones that promote depth in the green bond market of Europe’s largest economy. Hopefully this will create momentum so that more corporate issuers use this kind of funding instrument in the future.”

 

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