DWF advises on first Climate Bond certified green multi-million Euro loan

Legal business DWF Germany has advised Strasser Capital - parent company and private equity partner of German-based manufacturer in residential solar power systems MEP Werke - on its first green loan of 30 million euros to Dutch asset manager, Delta Lloyd Asset Management.

Strasser Capital, together with its partner NIBC Bank Deutschland AG, is the first to offer institutional investors long-term involvement in MEP Werke's business model through a transparent and sustainable green financing programme.  It has been structured to meet the Climate Bonds Standards v2.0 and is Climate Bond Certified by the Climate Bonds Initiative (CBI). This reflects their financial innovation for sustainable energy and distributed generation solar projects.  The MEP Green Financing Programme will be used to refinance existing sources of debt capital of MEP which have been used to finance the scale-up of its solar lease portfolio in time allowing households in Germany to produce their own solar energy at a competitive long-term fixed price, thereby supporting the accessibility of renewable energy technologies to consumers in Germany.

Dr Mathias Reif, lead Partner for DWF on this transaction and Head of Corporate and M&A at DWF Germany, said: “This Climate Bond certified green loan is another example of the leading role of MEP in the field of innovative financing transactions. MEP Werke and its management are pioneers in their field and this deal reflects the move towards the accessibility of renewable energy to German-based consumers.”

In 2016, corporate partners Oliver Bolthausen as Client Partner and Dr. Mathias Reif as Lead Partner, with support from the corporate partners Boris Kröpsky and Dr. Falko Grauer led on a deal advising MEP Werke in securing German-Dutch Bank NIBC for the financing of the new rental model for solar panels. 

Dr. Mathias Reif

Partner - Executive Partner (Cologne)

I am a deal maker, bringing cross-border M&A transactions, corporate projects and international distribution systems to a successful close.

Oliver Bolthausen LL.M. FCIArb

Executive Partner (Munich)

I am a dispute resolution specialist and highly experienced Arbitrator/Mediator. I advise on a full range of real estate transactional work and German corporate/commercial law.