|By Marketwired .||
|August 30, 2013 02:00 PM EDT||
BOULDER, CO -- (Marketwired) -- 08/30/13 -- juwi Group, parent company of Colorado based juwi Wind, LLC, has come to terms on a EUR 252 Million ($336 Million) syndicated loan with a banking consortium of 13 financial institutions. Under the leadership of Deutsche Bank, DZ Bank and Unicredit, the financial industry has indicated to the world its support for the juwi Group's mission to promote renewable energy on a global scale.
"This syndicated loan is the financial basis for our operative business in the next three years," stated juwi Group CFO Martin Winter at the signing of the agreement.
"For the juwi Group, the signing of the syndicated loan is a key financial component of the company's business," says Sascha Röber, juwi's Head of Corporate Finance. Röber and his team negotiated the contract. "It is a visible act of faith from the financial world which cannot be valued highly enough against the backdrop of the problems of many other companies, especially in the solar sector," Röber continues. The signing of the agreement positions juwi Group and juwi Wind LLC to plan with certainty, offering them stability while they strategically navigate the dynamic international and global energy markets.
juwi's strategy of internationalization including further development of the North American market, along with the strengthening of the company's activities in the field of technical and commercial management and the development of end customers business in Germany is respected by the banks. The company's cost-controlling measures and principles of consolidation have also been received well by the financial institutions.
About the juwi Wind, LLC
juwi Wind, LLC is a subsidiary of the juwi Group, a major international developer of renewable energy projects. juwi Group has been designing, building and operating plants that harness renewable energy since 1996, and to date juwi Group has installed approximately 700 wind turbines worldwide at 100 sites, producing a total output of approximately 1400MW. juwi Wind, LLC is based in Boulder, Colorado.