GreenPeak bondholder claim
Holders of GreenPeak’s “5.5% Renewable Income Bonds” — sold across the EU as a low-risk, asset-backed green investment — who lost capital when the bonds defaulted, may be owed compensation.
GreenPeak bondholder claim
GreenPeak raised €480m from retail investors across the EU with a bond it called the “5.5% Renewable Income Bond” — marketed as capital-stable, asset-backed and low-risk, a green place to earn a steady income. The security behind it is alleged to have been largely unsecured, and the solar parks said to support the coupon carried construction and offtake risk the prospectus did not fairly disclose.
The portfolio underperformed, two flagship parks never reached grid connection, and from September 2024 the coupon went unpaid and the bonds fell into default. Investors who were told this was a safe income lost capital.
- Program reference
- WG-EU-2026-0109
- Issuer
- GreenPeak Energy Partners B.V. (Netherlands)
- Forum
- Amsterdam District Court (WAMCA)
- Basis
- EU Prospectus Regulation 2017/1129 (NL)
- Relevant period
- 1 Jun 2021 – Sep 2024
- Registration closes
- 30 Sep 2027
- Fee basis
- Funded — no fee unless recovery
- Coordinated by
- Stichting GreenPeak Claim
Registering commits you to nothing. No fee is payable unless the program recovers damages.
What was marketed, and what was true
The prospectus and marketing described one investment; the projects behind it were another. The claim is the difference.
Risk
The prospectus understated the risk that the solar parks would not be built or would not sell their output.
Security
The security investors were told stood behind the bonds is alleged to have been largely unsecured.
Income
Coupon cover depended on parks that were never energised.
GreenPeak has not returned investors' capital or the missed coupons. The firm's modelling of capital and income lost across the registered book puts aggregate claimed losses at approximately €210m.
- Relevant period
- 1 Jun 2021 – Sep 2024
- Issued
- €480m
- Parks energised on schedule
- 0 of 4
- Source
- The prospectus, marketing and project records
A green label is not a risk disclosure. Investors were owed the second, and did not get it.
- Basis
- EU Prospectus Regulation (NL implementation)
- Vehicle
- Dutch WAMCA collective action
- Claim foundation
- Stichting GreenPeak Claim
- Scope
- Opt-out (NL) · opt-in (other EU)
- Funding
- Funded; disclosed to the court
A public offer of securities in the EU is made on a prospectus that must give a fair and balanced account of the investment and its risks. Where that prospectus is misleading, EU prospectus liability — as implemented in the Netherlands — gives investors who relied on it a claim for their loss.
The claim is that GreenPeak’s prospectus and marketing were misleading on the risk of the projects and the security behind the bonds, and that retail investors across the EU were sold a “low-risk” income that was nothing of the kind.
It is brought as a Dutch WAMCA collective action through a claim foundation — opt-out for Netherlands-domiciled holders and opt-in for other EU holders who register.
Return of capital
The capital investors put into the bonds and have not recovered.
Missed coupons
The contractual income that was promised and went unpaid from 2024.
Costs of the action
Recovery of the costs of the collective action, as the court allows.
The eligibility test, in full
This is the published class test. The questionnaire on this site applies exactly these criteria and tells you the reason for its answer.
- GreenPeak directors, officers and their families
- Buyers only outside the relevant period
- Anyone already compensated or who has signed a release
Bought through a broker or investment platform? You can still register — we will help you obtain the purchase records.
Everything that has happened, dated
The record is published in full. Registered claimants see the same timeline in the portal, with their own claim marked on it.
The matter on the record
Everything a claimant, funder or journalist needs to check what we say against what we filed.
Case updates
Published whenever the position changes, and emailed to registered claimants the same day.
Registration open to 30 September 2027
EU bondholders can register their interest in the Dutch collective action ahead of the admissibility stage.Project records obtained
Records of the solar parks’ construction and grid-connection status have been obtained and support the pleaded case.Foundation opens its register
Stichting GreenPeak Claim opens registration for bondholders across the EU.This matter, answered
The questions claimants ask most often about this matter.
I live outside the Netherlands. Can I join?
Yes. The action is opt-out for Netherlands-domiciled holders and opt-in for other EU holders. If you are elsewhere in the EU, register and you will be included.
I still hold the bonds. Should I sell first?
No — you do not need to sell to take part, and you should take your own advice before dealing. The claim covers capital and missed coupons whether you still hold or sold at a loss.
What does “asset-backed” have to do with it?
Investors were told real assets stood behind the bonds. The claim is that the security was largely unsecured, so the “low-risk, asset-backed” description was misleading.
What will it cost me?
Nothing unless the action recovers. The collective action is funded on terms disclosed to the court, and the funder’s return comes out of any recovery before distribution.
Four minutes now, and nothing else until we ask
Check your eligibility, register your claim, and we will do the rest. Registration closes on 30 September 2027.