Deutsche Bank helps Continuum boost green energy capacity

Deutsche Bank acted as the Sole Private Placement Agent to help Continuum Green Energy Ltd., Singapore, raise USD 350 million from international investors. The proceeds will be used for debt refinancing and to aid the company's expansion goals for renewable energy production via its hybrid wind and solar projects.

The company anticipates nearly doubling the portfolio's size to 2.5 gigawatts from the present 1.3 gigawatts. They have the option of raising an additional USD 50 million to fulfil certain conditions. 

Despite significant market volatility in the preceding months, the bankers priced the issuance by engaging with prominent institutional investors.

Sameer Gupta, Head of India Debt Capital Markets, said: "The international debt capital markets continue to remain volatile on account of rising interest rates and geopolitical tensions. Adverse market conditions notwithstanding, capital remains available for strong credit and the right structures.” 

Deutsche Bank acted as Sole Left Lead on Continuum Green Energy's debut bond in 2021 and implemented the company's first green hedge. Green bond funds were used for renewable energy projects in India.

The majority of Continuum Energy's assets are focused on commercial and industrial consumers, making it India's leading renewable energy company.

Source: Deutsche Bank

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