Greencells, global engineering, procurement, and construction and maintenance service provider for utility-scale solar projects, placed the first tranche with a volume of €15 million (~$18.1 million) for its secured 6.5% Green Bond during the offer period. The proceeds from the issue are intended to accelerate the successful growth further. Therefore, among other things, the acquisition of project rights almost ready to build and – in addition to own funds – the expansion of the project development business of the sister company is planned.