· Senior and mezzanine financing from Rabobank, SMBC Group and Infranity
· Facility will help more than 15,000 households to transition torenewable energy
· Total refinancing commitments of Enpal now exceed €5 billion
Berlin, 20/12/2024 – Enpal, pioneer in Germany’s energy transition and market leader in rooftop solar systems and heat pumps, recently secured a €500m lease facility from Rabobank, SMBC Group and Infranity, further enabling Enpal to make its residential renewable energy solutions accessible at scale.
The transaction brings Enpal’s total refinancing commitments to over €5 billion, cementing the company’s leadership in Germany’s residential renewable energy market. The facility includes both senior and mezzanine financing and will refinance solar systems of over 15,000 households in Europe, equivalent to c. 38,000 Distributed Energy Resources (DER).
With its innovative one-stop-shop for renewable energy solutions, Enpal removes the barriers to widespread adoption of solar and heat pumps by offering customers affordable financing solutions without high upfront investments.
“The commitment of an additional €500 million enables us to pursue our vision of providing green, affordable energy to everyone. This transaction further demonstrates the maturity of residential solar as an asset class in Europe”, comments Gregor Burkart, Head of Enpal’s Refinancing Division.
"We are delighted to be working with this syndicate of leading banks and institutional investors. Their continued support reflects the strong appetite for green investment opportunities” said Viktor Wingert, Co-founder and Chief Investment Officer of Enpal.
About Enpal
Enpal, the greentech unicorn in Germany, offers an integrated solution for renewable energy and is a pioneer in Germany's energy transition. As a leading provider of solar and heat pump systems, the company has already integrated ca. 250,000 Distributed Energy Resources (DER) into the Enpal system. The PV system is part of an integrated energy ecosystem consisting of a battery storage system, an EV-charging station, a heat pump and the Enpal energy manager Enpal.One, an intelligent combination of hardware and software. Founded in 2017, Enpal has digitized and revolutionized the purchase of green energy for a fossil-free home with its rental model and flexible, no-down-payment purchase option. More than 80,000 Enpal-equipped households already make up our climate-friendly renewable energy community. Enpal’s investors include some of the world’s largest impact and technology investors, such as TPG Rise Climate, The Westly Group, Activate Capital, Softbank Vision Fund II, Princeville Climate Technologies, HV Capital, Team Europe, and Picus Capital.
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Lea Heck
Corporate Communications
