partner ecoEnergias del Guandiana, opened the world’s largest solar
park last week. Deutsche Bank provided the entire equity capital of
€38 million for SolarWorld AG, the project’s industrial
partner.
The solar park, ‘SPEX’, will provide 30 megawatts of solar
power, supplying 16,000 households with ‘green’ energy.
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The investment sum for the solar park amounted to around €250
million. Deutsche Bank intends to place its equity share with
interested investors through several tranches.
“For ten years now, we have been demonstrating that investments
in renewable energies not only benefit the climate, but they also
pay off for investors,” said Dr. Thomas Ruschen, head of Deutsche
Bank’s asset finance and leasing division.
‘SPEX’ is one of a series of sustainability investments that
Deutsche Bank is involved in. The bank has already participated in
more than 30 projects involving wind and solar energy. The total
volume of investment in these projects comes to approximately €900
million.
“The International Energy Agency says developed countries need
to invest €14.5 trillion in energy infrastructure. So the challenge
is to address power generation and related areas like energy and
water efficiency, while ensuring there are commercially viable,
risk adjusted returns for businesses,” Ruschen added.
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