Clifford Chance has advised NIBC Bank Deutschland AG on the financing of the solar power system lease programme of MEP Werke GmbH.

The financing provided by NIBC Bank Deutschland AG via a special-purpose entity that has been established specifically for this transaction (Deutsche Ökostrom Limited) is used by the MEP Group to purchase solar power systems in order to support its growth in the sector.

The transaction revolves around the lease programme operated by MEP Group and the lease income deriving from it. This transaction and comparable innovative financing structures and securitisation techniques are aimed to give MEP Werke GmbH a variety of financing options. The financing arranged by NIBC Bank Deutschland AG is also intended to provide future investors with the opportunity to participate.

The Clifford Chance team was led by partner Dr. Arne Klüwer (Banking & Capital Markets, Frankfurt) and comprised counsel Dr. Marie-Theres Rämer and partner Dr. Felix Mühlhäuser (both Tax, Frankfurt), senior associate Mortimer Berlet and associates Klara Körber and Dr. Constantin Draack (all Banking & Capital Markets, Frankfurt). Partner Dr. David Elshorst (Frankfurt) provided real estate advice for the transaction.