HSH Nordbank finances two solar park portfolios in the south of France
Hamburg/Kiel, August 7, 2014 - HSH Nordbank is providing finance to its long-standing client, GP JOULE Group of Reussenkröge, for the two solar park portfolios Aquitaine and Biscaya in the south of France.
The portfolios, which were developed by the Schleswig-Holstein-based company in the Aquitaine region, consist of a total of 11 solar parks with a nominal output of 57.3 MWp (Aquitaine) and 50.8 MWp (Biscaya). The long-term project finance totalling EUR 58.5 million (Aquitaine) and EUR 54 million (Biscaya) was made available by HSH Nordbank as the Mandated Lead Arranger.
"This transaction represents a further milestone in the collaborative partnership with our client GP JOULE and underscores once again our very good level of expertise for projects in the French renewables segment", said Patrick Miljes, Head of HSH Nordbank's Energy & Infrastructure division.
The information contained in this press release does not constitute an offer for the sale of any type of Hamburg Commercial Bank AG securities. Securities of Hamburg Commercial Bank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.
This press information can contain forward-looking statements. These statements are based on our beliefs and assumptions, on information currently available to us which we consider reliable. Forward-looking statements include all statements which are not historical facts, including information concerning future growth prospects and future economic developments.
Such forward-looking statements are based on assumptions relating to future events and are subject to uncertainties, risks and other factors, a large number we cannot influence. Thus actual events can differ considerably from the forward-looking statements made. We make no warranty for the correctness or completeness of these statements or the actual occurrence of the statements made. Furthermore, we assume no obligation for updating the forward-looking statements after this information has been published.