hep global GmbH, an international specialist in the development, implementation, and operation of photovoltaic projects, as well as an investment manager for solar funds through its subsidiaries, is on track for the current 2022 fiscal year. Currently, approximately 840 MWp are in the late development, procurement, or construction phase in the U.S. and Canada. These include five large-scale utility-scale projects, each with a nominal capacity of over 100 MWp. Construction of these projects, with a total capacity of 667 MWp and varying levels of vertical integration, is scheduled to begin in 2023 and be completed by 2024. Additional projects with a total capacity of 120 MWp are in the late development phase, and projects with a total capacity of 52 MWp are under construction.
The recent decision by U.S. President Joe Biden to suspend punitive tariffs on solar modules from Southeast Asia until June 2024 bodes well for the company’s future business development in the United States. hep will use this stable environment to continue driving forward the implementation of its projects. At the same time, the company plans to accelerate its diversification strategy within its four existing core markets: the United States, Germany, Canada, and Japan.
Given the success achieved in the development and construction of numerous projects, hep is on track to further significantly increase its business volume—and thus its revenue—in 2022. A specific forecast will be communicated in conjunction with the publication of the audited 2021 consolidated financial statements, which are expected to be made available in August 2022 on the company’s website at www.hep.global/green-bond in the Financial Reports section. Since the publication will therefore take place after June 30, 2022, the interest rate for the interest period from November 18, 2022, to May 17, 2023, will be temporarily adjusted in accordance with Section 7(b) of the terms and conditions of the 2021/2026 bond (ISIN: DE000A3H3JV5), the interest rate for the interest period from November 18, 2022, to May 17, 2023, will be temporarily increased by 1 percentage point from 6.5% p.a. to 7.5% p.a. The new publication date is due to the fact that the audited 2020 consolidated financial statements were not available until the end of March 2022, and thus the preparation of the 2021 consolidated financial statements could not begin until thereafter. The 2022 interim consolidated financial statements are scheduled to be published in October 2022.