The solar developer Enerparc has received a financing package totalling 266 million euros from Landesbank Baden-Württemberg (LBBW). These funds will enable the construction of a solar pipeline with a capacity of 400 MWp in Germany.
The project contributes to the expansion of solar energy in Germany and supports the country’s sustainable energy goals. According to the company, this will enable Enerparc to realise its ambitious plans to create new solar power capacities and make a significant contribution to the energy transition.
The project financing framework agreement enables Enerparc to finance solar plants in clusters as soon as they are ready for construction and to include them in the facility within 24 months. The long-term facility, which runs for up to 24 years, covers both the construction and operational phases and provides stability and flexibility for Enerparc’s further expansion.
„This financing agreement is a key enabler for us to scale up our solar PV portfolio and contribute significantly to Germany’s energy transition,“, said Marco Langone, Head of Finance at Enerparc.
Enerparc was supported by Capcora GmbH. “The structure of this facility is customized to ENERPARC, allowing them to draw faster due to beneficial CPs and tailored provisions. It provides the flexibility needed to optimize different revenue models in a rapidly evolving energy market“, said Alexander E. Kuhn, Managing Partner at Capcora.
