Enerparc has successfully secured funds to support the construction of a 400MWp pipeline of ground-mounted solar PV projects in Germany.
The financing package includes a €216m senior secured project finance framework facility (including ancillary facilities) and a €50m revolving credit facility (RCF).
The financing structure, based on a portfolio approach, is designed to accommodate a mix of revenue streams and ensure long-term financial sustainability for Enerparc’s solar pipeline. Capcora acted as the sole financial advisor in this transaction.
The project finance framework facility enables Enerparc to finance clusters of solar PV assets which will be rolled into the facility over the course of 24 months as they reach ready-to-build stage.
The long-term facility, extending up to 24 years, covers both the construction and operational phases, providing stability and flexibility for Enerparc’s expansion.
A key feature of the facility is its ability to accommodate a combination of revenue sources including Feed-in Tariffs (FIT) and PPAs. Additionally, a sizable RCF at the corporate level will enable early-stage access to funds.
Head of finance at Enerparc, Marco Langone, said: “This financing agreement is a key enabler for us to scale up our solar PV portfolio and contribute significantly to Germany’s energy transition.
“By securing flexible funding, we can construct projects with diverse revenue models, including EEG-backed assets, and unsubsidized PPA-backed solar projects.”