Diok GreenEnergy GmbH issues collateralized Green Bond

• Volume up to EUR 125 million
• 7.625% p.a. interest and 5-year term
• High collateralization package through independent trustee structure
• Innovation leader in developing and operating Battery Energy Storage Systems (BESS) for the energy transition

Cologne, June 10, 2024 – Diok GreenEnergy GmbH (DGE), an independent developer, electricity producer and portfolio holder of large-scale battery storage systems in Germany, is issuing a collateralized bond (ISIN DE000A352B41 / WKN A352B4) with a volume of up to EUR 125 million, which carries a 7.625% p.a. coupon over a term of five years. As an innovation leader, DGE has been able to qualify the security as a Green Bond and have this confirmed by a sustainability rating agency, as it is fully compliant with the Green Bond Principles (GBP).

Interested investors can subscribe to the Diok Green Bond as part of a private placement aimed at qualified investors in Germany and in selected other European countries. Distribution to qualified investors is being handled by GBC Kapital GmbH, Augsburg, and the flatexDEGIRO Bank AG/BankM is acting as paying agent.

The Cologne-based company develops, acquires and operates high-performance plants across all project phases. Stable, plannable incomes are generated through long-term power purchase agreements, fixed feed-in tariffs and electricity price arbitrage.

DGE meets the challenges of the energy transition by using urgently-needed storage capacities, as electricity from wind and sun is often produced at a time when it is not being consumed. The necessary energy storage systems are therefore indispensable and economically highly attractive, although up to now their supply is still in its infancy in relation to overall consumption. DGE intends to exploit precisely the gap, and to accelerate the switchover up to a planned 100% renewable energy through the operation of BESS systems (BESS: Battery Energy Storage System). Through associated partners, DGE buys electricity when it is favorably priced, stores it temporarily and sells it later - for example, when the price of electricity rises again and demand is also high. Therefore, large-scale storage systems are the necessary energy transition component that is still absent, and are thus essential. A large amount of electricity is produced on sunny and windy days, and cannot all be consumed at that moment, but is needed at some other time. Against this backdrop, some solar and wind power plants with the potential to generate many millions of kilowatt hours are currently simply being switched off.

Daniel Grosch, founder and CEO of DGE, sees two reasons for the boom and DGE’s resulting exponential business plan: “Costs of battery projects have fallen by more than 70% in the last four years, not least due to the high investment costs in electrification/battery systems in the automotive industry. Furthermore, there has been a massive expansion of renewable energies, which we also support through the project planning and operation of our PV plants. However, the energy transition can only succeed together with battery storage systems, and the storage market is just in its infancy now. We plan to revolutionize the energy market with innovative battery storage solutions that stabilize the power grid, promote renewable energies and make them attractive in terms of price. We aim to play a leading role in the storage sector by using state-of-the-art technologies and service providers.”

The company currently has a pipeline with an investment volume of more than EUR 200 million. In addition, exclusivity agreements exist to acquire various plots of land for large-scale battery energy storage systems (BESS) and free-standing, ground-mounted PV systems.

Key data of the Diok Green Bond 2024/2029

Important note:
This publication constitutes neither an offer to sell nor a solicitation of an offer to buy securities. The securities that are the subject of this publication are being offered by the issuer exclusively by way of a private placement to qualified investors in Germany and selected other European countries. In particular, the securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States without registration under the Securities Act, or without an applicable exemption from the registration requirements of the Securities Act. This publication does not constitute a prospectus. The investment decision of interested qualified investors with respect to the securities referred to in this publication (ISIN DE000A352B41 / WKN A352B4) should be made solely on the basis of the PPM prepared by the Issuer in connection with this private placement and the terms and conditions of the Bonds, each of which can be inspected on the Issuer’s website at https://www.diok-greenenergy.de/de/investor-relations.php.

About Diok GreenEnergy GmbH:
Diok GreenEnergy GmbH (DGE), an independent developer, electricity producer and holder of a portfolio of large-scale battery storage systems in Germany, builds and invests in Battery Energy Storage Systems (BESS) as well as ground-mounted and rooftop PV systems. The Cologne-based company develops, acquires and operates high-performance systems across all project phases. The aim is to generate stable, plannable income through long-term power purchase agreements, fixed feed-in tariffs and electricity price arbitrage.

More information: www.diok-greenenergy.de

Contact:
UBJ. GmbH
Ingo Janssen
Haus der Wirtschaft - Kapstadtring 10 - 22297 Hamburg, Germany
Tel.: +49 (0) 40 / 6378 5410
Fax: +49 (0) 40 / 6378 5423
E-mail: ir@ubj.de