Luther again advises photovoltaics specialist SUNfarming on corporate bond issue

Founded in 2004, the Brandenburg-based company SUNfarming specialises in the technical and economic implementation of German and international photovoltaic projects, including large-scale projects for investors, direct power concepts for municipalities and concepts in the field of agro-photovoltaics.

The PV specialist is already issuing a corporate bond for the second time: The new bond 2022/2027 has an issue volume of up to EUR 15 million. The funds raised are to be invested in project development and pre-financing exclusively for German solar projects. The focus is on around 20 individual projects in the federal states of Brandenburg, Saxony-Anhalt, Mecklenburg-Western Pomerania and Schleswig-Holstein. It is planned to include the securities in trading on the Open Market of Deutsche Börse AG (the Regulated Unofficial Market of the Frankfurt Stock Exchange).

This is the second time that Luther has assisted SUNfarming with the structuring of its bonds, the prospectus and the prospectus approval procedure with the competent authority.

About SUNfarming:

SUNfarming GmbH specialises in the project planning and turnkey construction of photovoltaic plants in Germany and abroad. The company covers the entire project development and EPC (Engineering, Procurement, Construction) value chain: from planning, development and financing to construction, monitoring and maintenance of solar parks. The company has a long-standing customer base of capital investors, commercial and private electricity users, as well as the project companies of the Schrum-Tauschke Group.

Since the company was founded in 2004, the international team of experienced business people, engineers and technicians has already successfully realised a plant output of around 650 megawatts in Germany and increasingly also in Europe. For around 350 megawatts in Germany and abroad, SUNfarming is currently providing technical services for maintenance, plant monitoring and care. On this basis, the company has been consistently profitable since it was founded.

On behalf of SUNfarming:

Luther, Banking, Finance & Capital Markets: Dr Rolf Kobabe (Lead Partner), Sonja Amo (Associate)

Luther, Tax Law: Nicole Fröhlich (Partner), Ramona Hubracht (Counsel)