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Institutional Clients > Asset Finance > Investors
Investors

We offer innovative investment opportunities combining various benefits for investors, including:

  • Sustainable investments in renewable energy assets and asset portfolios generating predictable cash-flows

  • Investments available in all risk classes from equity/first-loss-piece to senior debt

  • Investments in the financing of specific renewable energy assets via capital market instruments rather than buying shares of companies active in the renewable energy sphere with unspecified fund allocation

  • High level of independence from general economic and market developments due to fixed feed-in tariff schemes and long term contracts for the underlying businesses; e.g. the main risk in a wind farm transaction is the volatility of the wind and is uncorrelated to economic factors

  • Avoidance of potentially unfavourable management decisions in a transaction by:
    - Selection of an independent, conservative and highly experienced management
    - Funds allocated only for specific purpose
    - Strict assignment of tasks for the portfolio manager
    - Usually no changes of assets in the portfolio after placement
    - Tight control of the portfolio manager by involved agents, trustees, advisory board and, if
       involved in the relevant transaction, rating agencies and/or monoline insurance companies

  • Our transactions provide a high level of security through:
    - Full cross-collateralization
    - High level of diversification in terms of regions, project developers, technology or regulatory
      environment
    - Individual projects are of high quality
    - Strong debt service cover ratios to (usually) achieve an investment grade rating for the
      most senior tranche of the transaction
    - Stable cash flows, partially backed by reserve accounts (debt service, repair,
      maintenance)
    - Definable pool character
    - Bankruptcy remoteness
    - Strong legal framework

Nothing is carved in stone. The transactions are tailored to precisely meet your requirements.








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Please read the legal information (in particular the limitation of liability and access and the risk considerations) before proceeding.
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Sunday, 01.08.2010