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ENERPARC secures bridge financing from Eiffel Investment Group

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Energy Global,

ENERPARC AG has secured bridge financing for a project portfolio consisting of solar PV and hybrid projects including battery storage (BESS) with an aggregate capacity of 325 MW. The financing was provided by the French investment firm, Eiffel Investment Group, with Capcora acting as the exclusive financial advisor to ENERPARC throughout the process.

The portfolio includes fifteen photovoltaic projects located in the states of Rhineland-Palatinate, Schleswig-Holstein, and Brandenburg. The projects vary in size, with the smallest at approximately 6 MWp and the largest at 39 MWp. Most of these projects are either constructed or about to reach completion and will be commissioned soon. The portfolio projects benefit from various revenue streams, including feed-in tariffs under the Renewable Energy Act (EEG), as well as from innovation tenders due to additional BESS capacity installed, and several power purchase agreements (PPAs), both including baseload and pay as forecasted offtake schemes.

“With the successful completion of this transaction, we have finalized the financing for an extensive portfolio. Most importantly, we have expanded our network of financing partners by adding a new partner from the debt fund sector. This enables us to react even more flexibly to the constantly changing market conditions and to find optimal financing solutions for our growing portfolio,” said Marco Langone, Head of Finance at ENERPARC.

“We are pleased and proud to initiate this new collaboration with ENERPARC, the leading European independent solar IPP. This transaction is another proof of Eiffel’s ability to provide an innovative construction financing adapted to the new business models (PPA, BESS). This transaction is the first German transaction of Eiffel Energy Transition III, the third vintage of our Eiffel Energy Transition programme,” added Pierre-Antoine Machelon, Managing Director, Eiffel Investment Group.

“This transaction once again demonstrates our ability to successfully conclude complex financing projects and provide our clients with the best possible solutions. We are thrilled to witness the alliance of two influential entities in the European renewable market, highlighting our dedication to fostering industry collaboration,” commented Alexander Kuhn, Managing Partner at Capcora.

ENERPARC was supported by Capcora as financial advisor and Simmons&Simmons as legal advisor. Eiffel Investment Group was advised by Bird&Bird as lenders legal counsel.



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