Akuo Energy, the leading independent producer of renewable energy in France, today announces the success of its Green Bond issue for €34.4 million. This is the first Green Bond issued by an independent energy producer in France and the third private bond placement completed with Akuo Energy in the space of two years. This latest success brings the total amount raised by the group in the form of corporate bond issues to €84 million.
Akuo Energy is the first independent energy producer to issue a Green Bond in France. In accordance with the Green Bond Principles, the group has made strict commitments to its subscribers regarding the use of the funds raised, the traceability of investments made as well as reporting. Akuo Energy, an exclusively "green" group, will also communicate to its subscribers the number of tonnes of CO2 emissions that their investments avoided as well as the green electricity generated in equivalent households supplied.
The €34.4 million proceeds from the bond issue will be exclusively used to finance projects developed and operated by Akuo Energy. This bond issue, the third private placement carried out in the space of two years by the group, was structured in the form of a EURO PP registered on the Euronext Paris Marché Libre. It ideally complements the range of investment tools offered by Akuo Energy to finance its accelerated growth, while at the same time making it more flexible.
Akuo Energy was founded in 2007 and posted turnover of €105 million at the end of 2014, representing growth of +57% compared with 2013, for a total balance sheet of more than €1.1 billion.
Natixis and Octo Finances were the Lead Arrangers and bookkeepers of this bond issue.
CMS Bureau Francis Lefebvre was legal advisor for the transaction.
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