KPP successfully finances €330m RDF power plant

Client KPP GmbH & Co. KG, a PPP project company of publicly listed Aurubis and Stadtreinigung Hamburg (municipal waste management company), as builder and operator of a refuse derived fuel (RDF) power plant
Deal Type Raise capital
Sector Business services
Deal Development of a non-recourse project finance structure with the aid of a competitive banking process

What we did:

  • Development of a non-recourse project finance structure
  • Organizing an EU public tender to extend the group of financing banks
  • Designing financing related project contracts and long-term contractual hedge of revenues
  • Optimization of financing conditions by intensified international competition
  • Create less sponsor equity in the project company
  • Improvement of financing margins in comparison to initial assumptions
  • Enhanced return on equity