This is the first time Schletter has used the public capital market as an instrument for corporate financing. "The step into the capital market provides us with completely new opportunities to advance our growth and internationalization strategy even more forcefully," said Schletter Group CEO Florian Roos.
"The fact that we were able to successfully place the bonds despite the currently difficult financial market environment, and that they were even oversubscribed, shows the high level of trust investors have in our course and our work." The Schletter Group had acquired a strong position strategically, operationally and financially in recent years and is currently growing much faster than the general solar market, especially in the European key market.
The bonds primarily consist of a senior secured bond of 50 million euros and a second lien bond of 15 million euros. The bonds were placed as Nordic bonds with terms of three and three and a half years, respectively. The proceeds of the bonds will mainly be used for further organic growth investments, company acquisitions and the further development of important key markets. Above all, the significantly improved capitalization will further clearly improve the capacity of the Schletter Group to implement large-scale projects worldwide.
Since the turn of the millennium, the Schletter Group has been one of the pioneers in the market for solar mounting systems and is one of the few suppliers that are active worldwide. In recent years, the company has again risen to the international "Top 10" in the industry.
By establishing a dynamic global supply chain, Schletter is able to realize large-scale projects in all international markets. Recently, the company had supplied the mounting systems for the largest solar power plant in Europe with 300 MW. In Bulgaria, another large-scale project with 120 MW is currently nearing completion. In total, around 5.5 GW of photovoltaic output will be installed on Schletter systems in 2022.
Did you miss that? Schletter Group continues to grow in Central America
The company plans to continue to significantly increase its presence in the growing global solar markets in the future. For this purpose, the global sales structures are currently being further expanded and the production capacities are being set up even more broadly. This year, Schletter opened an office in South Korea, and the company also plans to expand its presence in South America.
From September 19th to September 22nd, Schletter will be appearing at "RE+ power", the largest energy trade fair in North America. There, the company will display its advanced tracking system "1P/1V-Tracker" in North America for the first time. (hcn)
Watch our video pv Guided Tours: Schletter Group: Mounting large modules as well
