Bioenergy Park Hof/Saale successfully closes funding round

The Bioenergy Park Hof/Saale has successfully completed the refinancing of existing bank financing.

The first financing rounds were financed on the outside capital side of the LBBW (Landesbank Baden-Württemberg) in 2008 and 2009, with a far higher interest rate because of the financial crisis back then. This rate is significantly lower in 2015 so that the Bioenergy Park Hof/Saale obtains significant advantages with capital costs in the future through the now completed new financing round.

The new financing partner is the ProCredit Bank AG from Frankfurt, which is a good match for the Bioenergy Park with its focus on renewable energy, agriculture, and sustainability.