The bonds are pre-issued. This means they do not need to be issued
IMO the European group that has issued the bonds to its investors to raise funds is now looking to invest the proceeds in renewable energy / green projects. This means they have money at their disposal ready to invest.
Groups like the European Investment Bank (EIB) carry out this style of investment. It may even be them as they invest in projects globally but primarily in the Eurozone.
https://www.eib.org/en/index.htm
Shouldn't be too long till we find out who the lender is.
Ann: US$52M Term Sheet Signed for New York Battery Plant, page-38
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