ENERPARC AG has secured bridge financing for a challenge portfolio consisting of photo voltaic PV and hybrid initiatives together with battery storage (BESS) with an mixture capability of 325 MW. The financing was offered by the French funding agency, Eiffel Funding Group, with Capcora performing because the unique monetary advisor to ENERPARC all through the method.
The portfolio consists of fifteen photovoltaic initiatives positioned within the states of Rhineland-Palatinate, Schleswig-Holstein, and Brandenburg. The initiatives range in dimension, with the smallest at roughly 6 MWp and the most important at 39 MWp. Most of those initiatives are both constructed or about to achieve completion and might be commissioned quickly. The portfolio initiatives profit from numerous income streams, together with feed-in tariffs underneath the Renewable Power Act (EEG), in addition to from innovation tenders resulting from further BESS capability put in, and several other energy buy agreements (PPAs), each together with baseload and pay as forecasted offtake schemes.
“With the profitable completion of this transaction, we’ve got finalized the financing for an in depth portfolio. Most significantly, we’ve got expanded our community of financing companions by including a brand new accomplice from the debt fund sector. This allows us to react much more flexibly to the continuously altering market circumstances and to search out optimum financing options for our rising portfolio,” mentioned Marco Langone, Head of Finance at ENERPARC.
“We’re happy and proud to provoke this new collaboration with ENERPARC, the main European unbiased photo voltaic IPP. This transaction is one other proof of Eiffel’s skill to offer an progressive development financing tailored to the brand new enterprise fashions (PPA, BESS). This transaction is the primary German transaction of Eiffel Power Transition III, the third classic of our Eiffel Power Transition programme,” added Pierre-Antoine Machelon, Managing Director, Eiffel Funding Group.
“This transaction as soon as once more demonstrates our skill to efficiently conclude complicated financing initiatives and supply our purchasers with the very best options. We’re thrilled to witness the alliance of two influential entities within the European renewable market, highlighting our dedication to fostering business collaboration,” commented Alexander Kuhn, Managing Companion at Capcora.
ENERPARC was supported by Capcora as monetary advisor and Simmons&Simmons as authorized advisor. Eiffel Funding Group was suggested by Chook&Chook as lenders authorized counsel.
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