Time1 minute
Regulatory Announcements
Other Announcements
28.07.2023
PDF

Financing framework agreement for investments in RES projects

Financing framework agreement between HELLENiQ ENERGY Group, National Bank of Greece S.A. and Eurobank S.A., for investments of up to €766m in RES projects

HELLENiQ Renewables, a 100% subsidiary of HELLENiQ ENERGY Holdings S.A., signed a financing framework agreement of an amount of up to €766m with National Bank of Greece S.A. and Eurobank S.A. for the implementation of multiple financing arrangements (Project Finance) in relation to existing and new projects for electricity generation from Renewable Energy Sources (photovoltaic and wind parks).

The framework agreement sets a unified perimeter of common financing terms for projects that qualify pre-agreed eligibility criteria, covering existing as well as new projects to be implemented in Greece, in various development stages. The generated electricity will be sold through contracts of a wide range of structures (Feed-in Premium, Feed-in Tariff and/or Corporate Power Purchase Agreements).

The key benefits of the framework agreement for HELLENIQ ENERGY Group include: a) significant funding capacity, increasing the Group’s growth potential, b) best-in-class terms, largely standardized, enabling speed of execution, c) flexible structure, fit-for-purpose for RES, allowing the release of resources to support the rest of the Group’s activities.

The financing framework agreement is a key milestone towards the “green” transformation of HELLENiQ ENERGY Group, contributing substantially to the implementation of its strategic goal of developing a renewable energy portfolio of at least 1 GW by 2025 and more than 2 GW by 2030.

Relevant Content

08.12.2023

Notification of completion of transaction

HELLENiQ ENERGY Holdings S.A. (the “Company”), following the announcement dated 7.12.2023, announces that, pursuant to a joint notification received on 8.12.2023 by its shareholders, Hellenic Republic Asset Development Fund S.A. and Paneuropean Oil & lndustrial Holdings S.A., was informed of the pricing of the international private placement, through an accelerated book-building offering in the context of their decision to dispose of part of their shares in the Company. The notification included the following announcement:

07.12.2023

Notification by HRADF and POIH for the decision to dispose of certain of their shares in HELLENiQ ENERGY Holdings S.A.

HELLENiQ ENERGY Holdings S.A. (the “Company”) announces that on 7.12.2023, following a letter sent by its shareholders, Hellenic Republic Asset Development Fund S.A. ("HRADF") and Paneuropean Oil & lndustrial Holdings S.A. ("POIH"), was informed of their decision to dispose of certain of their shares in the Company on a pro-rata basis, through an international private placement, in accordance with the provisions of the HRADF Law and the HRADF’s updated Asset Development plan. The letter included the following announcement:

08.11.2023

Notification of appointment of Market Makers

HELLENiQ ENERGY Holdings S.A. (the "Issuer") announces that the Listings and Market Operation Committee of the Athens Stock Exchange (“ΑΤΗΕΧ”), with its decisions of 30/10/2023 and 01/11/2023, approved the appointment of the ATHEX Members "Eurobank Equities S.A." and "Alpha Finance S.A." as Market Makers on the Issuer's shares, with Wednesday, 1 November 2023 and Tuesday, 7 November 2023, respectively, set as the start dates of the Market Making obligations.