Carpevigo AG offers fixed rate capital investment in the solar energy field
CARPEVIGO AG / Carpevigo AG offers fixed rate capital investment in the solar energy field processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Investment opportunity renewable energies
8% interest rate at a duration of two years
Holzkirchen / Germany, May 17, 2010 - Carpevigo AG of Germany (ISIN DE000A0LR6B6), a contractor and operator of solar energy power plants, again banks on interim financing with mezzanine capital for the construction of additional PV power plants.
The project developer thus avoids the risk premiums banks charge prior to and during construction. At the same time investors take advantage of an attractive interest rate of 8% at a duration of two years. During this period funds provided by investors will be relocated and used for the realization of further power plants.
The corporate action with an issuing volume of 7.0 Mio. Euro will again be placed by Munic based Hofmann-Finanz Management GmbH who has been specialized on mezzanine financing for more than ten years.
Carpevigo AG has built PV power plants with an overall capacity of app. 13.5 Megawatt in Germany and Southern Europe. As a general rule the company operates with a high equity-to-assets ratio. Project development and construction are always fully financed using either equity or mezzanine capital. After completion and connection to the grid financing is converted to long term bank loans. As of May 1 2010 Carpevigo AG had a project pipeline with PV power plants to be built in South and Southeast Europe with a total capacity of 12 MWp.
The prospectus of this capital investment fully complies with the german IDW-Standard. The prospectus will be available by the end of May..
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About Carpevigo AG:
CARPEVIGO AG plans, builds and operates solar power plants for the generation of electricity from renewable energies. The solar-generated electricity is sold to utilities companies and network operators. Carpevigo focuses its business activities on countries with stable and legally guaranteed frameworks for the usage of renewable energies for electricity production. Business activities include the identification of suitable locations, purchasing, planning, construction and operation of solar power plants.
For further information:
CARPEVIGO AG
Ms Gabriele Breu
Marktplatz 20
83607 Holzkirchen, Germany
Phone +49-(0)8024-608383-14
Fax +49-(0)8024-608383-90
www.carpevigo.de
Press enquiries:
CARPEVIGO AG
Mr Ulrich L. Schneppel
Emmy-Noether-Str. 2
79110 Freiburg, Germany
Phone +49-(0)761-48080-0
Fax +49-(0)761-48080-55
carpevigo@york-communications.de
HUG#1416311
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