ABO Wind has successfully placed a promissory note loan with a volume of 70 million euros which enables the company to grow further. The original plan was to issue promissory notes with a volume of 50 million euros.
Due to the high demand and the numerous business opportunities, the issue was increased to 70 million euros. 17 banks participated in the promissory notes, mainly savings banks and foreign banks. The tranches of the promissory note loan have both fixed and variable interest rates and maturities of three, five and seven years. IKB Deutsche Industriebank AG and Landesbank Hessen-Thüringen (Helaba) arranged the transaction. The developer of renewable energy projects is currently working on wind and solar farms as well as battery storage systems with a total capacity of 20GW in 16 countries. In addition, the company has built up a pipeline of another 15GW of renewable energy projects linked to a planned hydrogen production.
