Green Bond Fact Sheet

enercity

Date: 9-Jan-2019

Issue date: 11-Dec-2018 Maturity date: 11-Dec-2028 Tenor: 10Issuer Name

enercity

Amount Issued

EUR100m (USD113m)

Country of risk

Germany

CBI Database

IncludedIssuer Type1

Non-financial
corporate

Bond TypeGreen Schuldschein (digital)

Green Bond Framework

Link to Framework

Second party opinion

Vigeo Eiris (German)

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☐ Solar☒ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emissionvehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

Firsts, records andcertifications
Proceeds description

Climate Bonds view

Underwriters

The issuer will report annually until the funds have been fully allocated within 6
weeks of disbursement and until full repayment of the funds by 2030 at the latest.
The impact reporting indicators chosen to be disclosed are:
• Reduction or avoidance of GHG emissions• Annual production of renewable energy• Installed renewable energy capacity
The calculation methodology will be explained in the reports.
Enercity Erneuerbare GmbH is a wholly owned subsidiary of enercity AG. By
purchasing a long-standing project developer with the operating company ITECInternational GmbH, enercity is one of the leading players in the German onshore
wind market.
It is the first green Schuldschein issued by the company, and the second green
Schuldschein in the world to have been issued under a digital format.
Proceeds from enercity’s first green and digital promissory note will refinance theacquisition of 17 operational wind farms, located across Germany. With a total of
142 turbines, the total combined output of the farms is around 219MW.
This is the second Schuldschein to have been issued under a digital format after
Verbund AG deal in April 2018. The use of blockchain technology in the executionof deals could be the next chapter, but more broadly the Schuldschein structure
retains its appeal among corporate and financial sector issuers given the wellestablished debt format and its flexibility.
Norddeutsche Landesbank

Deal comments
Credit Rating
Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign