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Quares Sustainability Initiative 2A
Loan
€625,900
total amount raised in round
105%
- Backed by over 50 investors
PARTIES INVOLVED
Jade Finance (JF) owns all renewable energy installations and acts as the lessor to business customers
In this capacity, Jade Finance enters into three types of agreements:
- Long-term lease or PPA contracts with business customers
- Framework agreements with certified installation and maintenance partners
- A framework loan agreement with Jade Sustainable Projects for the full financing of the installations and associated infrastructure
This contractual structure ensures a clear separation between ownership, financing, and operational management for the benefit of all parties involved.
Jade Sustainable Projects (JSP) plays a central role as an independent guardian of the entire financial structure. This role makes JSP the central link that safeguards and protects the interests of investors and financiers throughout the entire term.
Quares Sustainability Initiative (QSI) acts as a third-party financier and provides the necessary capital to Jade Finance (JF) through Jade Sustainable Projects (JSP).
The financing structure is asset-backed: the installations and the associated rental income serve as collateral. Jade Finance grants a security interest in both the physical installations and the lease agreements, providing enforceable security for all parties involved.
FINANCING IN DETAIL
Jade Sustainable Projects (JSP) is financed through two complementary sources:
75% via a senior bank loan of €2,700,000, a significant portion of which has already been signed with BNP Paribas Fortis.
25% via a subordinated loan of €900,000, to be raised through the Quares Sustainability Initiative (QSI).
The funds raised will be used entirely for the (re)financing of three categories:
1. Refinancing of an existing bond of approximately €150,000
2. Refinancing of existing B2B projects totaling €430,000
3. Financing of new B2B projects totaling €320,000
Raise summary
| Duration | 5 years |
| Interest rate | 5.5% |
| Reimbursement frequency | Monthly |
| Reimbursement type | Bullet |
| Crowd investments | €157,500 |
| Committed by others | €468,400 |
| Amount raised | €625,900 |
| Minimum round | €747,400 |
| Maximum round | €1,497,400 |