Prime Capital closed two financings deploying more than €350m through junior debt financing for renewable energy assets in continental Europe over the past four years.
In Q3 2023, Prime Capital was the exclusive lender in a private bond placement financing a solar PV asset owned and operated by Münch Energie.
This placement, amounting to approximately €21m, offers Münch Energie fresh capital to augment its initiatives.
The financing is secured through more than 60 projects, predominantly in operation and largely situated in Bavaria.
This was followed by another transaction to help financing assets owned by SUNfarming Group.
Again, Prime Capital was the exclusive lender for a total volume in the euro double-digit million range.
The transaction is backed by a large, operational solar photovoltaic portfolio in Germany with approximately 185MW.
“We are profoundly honoured to partner with such distinguished and accomplished developers, owners, and operators in the Renewable Energy sector.
“Both transactions give our clients access to stable cash flows and contribute to the energy transition.
“Junior debt investments in infrastructure are an excellent complement to equity investments, as they offer immediate returns and excellent visibility of returns.
“We are looking forward to the collaboration with both companies,” said Andreas Kalusche, CEO at Prime Capital.