WE ARE THE ENERGY OF A GREEN CITY
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ON THE WAY TO A SUSTAINABLE CITY
We aim for the big picture: Real structural change
Our answer to the question regarding energy production is the shift to 100 percent renewable energy. As a catalyst for change, we push for both the expansion and market integration of green energy sources. As the sectors of electricity, heat and mobility grow together, electricity from renewable sources will become the most important source of energy in all areas of life and work. The time to create such an overall system is now! With its five business divisions, Green City AG is increasing energy supply from renewable sources through implementing new power plants and through setting up the necessary structures for cross-sector use of green electricity.
RENEWABLES: Renewable energy power plants
FINANCE: Sustainable investments
DRIVE: Environmentally friendly mobility solutions
EXPERIENCE: Change Management & Communication
Initiators with vision and zest for action
Green City AG addresses citizens and decision-makers: private and institutional investors, green electricity customers, property owners, municipalities, institutions and companies. Their participation and acceptance are key in the success of a shift in energy production and modes of transportation. After all, the decentralised shift in energy production and a new mobility culture are being initiated on a small scale: they begin with every local person and their willingness to rethink our world.
Cooperation between organisation and public listed company
We make things easy! We create solutions – in order to create a city with a high standard of living for everyone together with the participation of citizens and decision-makers. This is the DNA of our parent association Green City e.V., which is crucial for the entire Green City family. We act both politically and entrepreneurially at the same time. While the environmental organisation Green City e.V. realises its goals in the greater Munich area, Green City AG is active throughout Germany and Europe.
Our main shareholder: a non-profit organisation
We want to win over as many people as possible for a shift in energy production and modes of transport and engage them in the market opportunities. Therefore, we get the public involved: Our citizens’ shares (Bürgeraktie) will enable shareholders to become co-owners of Green City AG and benefit from the steadily growing portfolio of power plants. Green City e.V. is our main shareholder and is represented on the Supervisory Board by two members.
Award winning
Our efforts make an impact! The renowned awards and certifications are an acknowledgement of our achievements as a company – and therefore also apply to our customers, partners, shareholders and investors.
The Munich Metropolitan Region awards us the mobility prize “for particularly commendable best-practice examples” in the “Urbanizer” category. Our crowd investment as a joint venture with the Berlin fleet provider emmy is one of the largest crowd funding projects in the German mobility sector: By the end of the placement in May 2019, we will have reached a fund of EUR 1.1 million for e-scooter sharing.
Green City AG is one of currently four companies in Germany that carry the TÜV seal “Wegbereiter der Energiewende”. The following criteria qualified us as a company promoting a shift in energy production in 2017: an above-average status quo in the generation and supply of renewable energies, an increase in the market share of renewable energies, a reduction in raw material and energy consumption as well as an increase in flexibility in the energy supply system.
The market information service ECOreporter and the Institute for Sustainable Ethical Finance (INAF) have developed the sustainability seal to provide transparency for investors: Green City AG is one of the “pioneers who genuinely and reputably pursue sustainable goals and operate their core business sustainably”. Green City investments had already been awarded the seal in the past, and since 2018 the bonds “Solarimpuls” and “Kraftwerkpark III – Tranche C” have also received the award.
Green City AG was awarded by the European Association for Renewable Energies EUROSOLAR for its “long-term and far-reaching contribution to the development of renewable energies in the hands of citizens”. With the annual award of the European Solar Prize, EUROSOLAR honours “role models and pioneers in the field of renewable energies”.
Since 2014, we have been part of the group of companies carrying the Prime Status (B+) by the internationally recognised rating agency. ISS-oekom – formerly oekom research – thus classifies Green City AG as one of the world’s leading companies in the field of “Renewable Energy & Energy Efficiency”. The Corporate Rating analyses the most important share and bond issuers worldwide regarding their environmental, social and governance performance.
Green City on the move
The Green City family despite the political challenges over the last 20 years has grown from the first solar project to a substantial portfolio of renewable energy power plants. Green City AG has 20 years of experience and history: the Green City solar pioneers and investors of the first hour have set out on a path towards a sustainable city, which we are still following to this day.
Green City e.V. – We make it easy, we create livable cities
A group of Munich residents found the environmental protection association Green City e.V.* With projects and actions for climate protection, a greener city and the renunciation of car traffic, the association focuses on its citizens: on their engagement, raising awareness as well as socio-political discourse.
*The association was founded in 1990 under the name “München 2000 Autofrei” – Munich 2000 Car-free – and renamed in 1995.
Solar pioneer – We involve investors in the financing of energy system transformation.
In 1999, the association became active in energy policy for the first time. We show how the transformation of energy systems through citizen participation is possible: With the financial support of 136 investors, we install the first roof integrated solar systems in Munich – at that time the world’s largest citizen participation bond. Five more citizen funded solar parks are being built shortly after.
Green City Energy GmbH – We become pioneers of renewable energies
In 2005, the association founded the subsidiary Green City Energy GmbH to professionalize and plan regenerative power plants – the foundation for today’s Green City AG was laid. As a green energy supplier, we expand our range of activities from solar power to water and wind power, biogas, contracting and municipal energy consulting.
Green City Energy AG – We accelerate the expansion with our own power plants throughout Europe.
Green City Energy GmbH becomes a public limited company in 2011. With our investments in power plant parks I, II and III, we begin to build up our own capacities and drive forward the expansion of wind, hydro and solar power. We are opening up markets in Germany, Italy, France and Spain.
Green City Projekt GmbH – We support municipalities, institutions and companies
The subsidiary Green City Projekt GmbH was founded by the association in 2003 to organise major events such as the Streetlife Festival and the Blade Night in Munich. In 2012 Green City Projekt becomes a consulting & communication service provider.
Energy suppliers – We bring 100 percent green electricity and e-mobility into the city
Since 2017, we have been one of the few suppliers to supply green electricity from newly buit plants. With our POWER tariffs, we supply private and business customers – and go one step further: Green City Energy AG sees the need for integrated energy systems and is entering the e-mobility market with e-scooter sharing.
Green City AG – We promote the market integration of renewables
The economic efficiency of renewable energies and the intelligent networking of green electricity, heat and e-mobility open up new opportunities that we are seizing with the reorganisation as Green City AG: Green City Energy AG and Green City Projekt GmbH merge into one. And with it green electricity production, financing and consulting are combined – supplemented with new business fields in green energy sales. As a company dedicated to bring about a shift in the areas of energy generation and mobility, we stand on three pillars of hydroelectric, wind and solar power and bring electricity from renewable sources into urban areas – we create the infrastructure for e-mobility and energy solutions.
SUMMIQ AG – We founded a green energy supplier of a new generation
In 2019, we celebrate 20 years of pioneer work in the field of solar energy. In our anniversary year, we have a project pipeline of several hundred megawatts of output in the wind and solar business alone. These include ground-mounted solar power systems on a multi-megawatt level in Spain and France. With the “Solarimpuls” bond, we are passing on market opportunities to our investors. And we are setting the course for the future: Green City AG founds SUMMIQ AG in 2019. The aim of SUMMIQ as an independent company is the investment-driven development and operation of a digitally controlled gigawatt portfolio, in particular of wind and solar power plants, which is complemented by investments in storage and digitisation technologies.
Management
Management Board
Supervisory Board
Performance Report
In the interests of transparency for our capital providers, investors and shareholders, we publish the current account balances of all investments issued by us on an annual basis.
Please refer to the current account for an overview of our “Solarimpuls” bond, “Kraftwerkspark I-III”, “Jubiläumsanleihe”, environmental participation rights as well as shares and all interest payments as of 31/12/2018.
Green City AG has launched 23 closed-end mutual funds with an issue volume of over EUR 54 million. As of 31/12/2018, funds of over EUR 18.8 million were accumulated and distributed to the limited partners.
This current account gives an overview of the performance of individual closed-end funds for the 2017 financial year. Deviations from the target values are explained in detail.
Extract from the current account for closed-end funds – for the 2017 financial year (PDF)
The solar performance review shows the number of realised solar power plants and the installed capacity of energy production from the Green City Group as of 2018. It also provides a detailed overview of the performance of the individual solar projects of the Green City Group as of 31/12/2018.
Extract from the performance report solar project – March 2019 (PDF)
Key figures of Green City AG
By the end of 2018, the Green City Group had invested a total of 500 million euros in renewable energy projects.
We have paid out around 41 million Euros in dividends and interest to our investors by the end of 2018.
Green City Group’s power plants produced a total of 343,888 MWh of green electricity in 2018.
By the end of 2018, the Green City Group had built power plants with a total capacity of 244 MW.
In 2018 alone, 222,000 tons of CO2 were saved by Green City Group’s power plants and over 110,000 households were supplied with electricity from renewable sources.
The environmental protection association Green City e.V. remains the largest shareholder of Green City AG. The shareholder structure at the end of 2018: