SOWITEC group expands activities in Germany: 18 MW Hohfleck wind park reaches next phase of construction preparation - start of construction planned for 2024
Sonnenbühl, 16 March 2023 – SOWITEC group (SOWITEC), one of the leading developers of renewable energy projects in the wind and solar sectors, is consistently pushing ahead with its activities in Germany. Currently, construction preparation for the Hohfleck wind park in the home municipality of Sonnenbühl is underway. After the clearing was completed on schedule at the end of February, the access road will soon be realized on the vacated areas. Construction of the wind park with a total capacity of 18 MW is scheduled to begin in 2024.
SOWITEC group places new secured 8.00% Green Bond 2023/2028 with a volume of EUR 11.5 million
Sonnenbühl, 28 March 2023 – SOWITEC group (SOWITEC), one of the leading developers of renewable energy projects in the wind and solar sectors, has placed EUR 11.5 million of its new secured 8.00% Green Bond 2023/2028 (ISIN: DE000A30V6L2) at the start. EUR 7.366 million originates from the exchange offer to the holders of the 6.75% bond 2018/2023 (ISIN: DE000A2NBZ21), while EUR 4.134 million accrues to the company from the public offering via the subscription functionality DirectPlace of the Frankfurt Stock Exchange and the private placement. As a result of the exchange ratio of 49.1%, the outstanding volume of the bond 2018/2023 now still amounts to EUR 7.634 million.
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SOWITEC – the private sector voice
panelist in UNODC Convention in Vienna
SOWITEC had their voice in the last Conference of the States Parties in the United Nations Convention Against Corruption, 7th Session; held in Vienna-Nov 2017.Read more
Wind Project Catrihuala in Chile
SOWITEC Chile started an early participation process with an indigenous community in order to see if they are willing to go through the assessment of a wind power project on their land. It led to the second early social engagement agreement (AVP) promoted by the National Sustainability and Climate Change Agency. This process enabled the community to work along with other stakeholders, authorities and the company to build the trust needed to engage in the development of such a project. They concluded that their cultural heritage, environmental wealth and economic development are not threatened, but fostered by such an initiative from the renewable energy sector.
Solar Project Aurora in Chile
SOWITEC Chile realized the first early social engagement agreement promoted by the National Sustainability and Climate Change Agency, setting a new benchmark how local stakeholders can get involved previous to the implementation of renewable energy projects in Chile. The participation of the local communities led to a voluntary pre-investment agreement among all parties in July 2016. Two years later, in July 2018, the local communities, the company and authorities meet again to analyze the impacts of such a participation process on the local community.
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