ENERPARC AG Secures Bridge Financing for 325 MW Solar PV Portfolio with Battery Storage

ENERPARC AG has successfully obtained bridge financing for a diverse project portfolio comprising solar PV and hybrid projects, along with battery storage (BESS) facilities, totaling 325 MW in capacity. The financing was secured through a collaboration with the esteemed French investment firm, Eiffel Investment Group, with Capcora serving as ENERPARC’s exclusive financial advisor throughout the process.

The portfolio encompasses fifteen photovoltaic projects situated in Rhineland-Palatinate, Schleswig-Holstein, and Brandenburg. Ranging in size from approximately 6 MWp to 39 MWp, these projects are either nearing completion or already in operation, poised to be commissioned shortly. Leveraging various revenue streams, including feed-in tariffs under the Renewable Energy Act (EEG), innovation tenders facilitated by additional battery storage capacity, and several Power Purchase Agreements (PPAs) featuring baseload and pay as forecasted offtake schemes, the portfolio projects are primed for sustainable growth.

Marco Langone, Head of Finance at ENERPARC, emphasized the significance of this transaction in enhancing the company’s financing capabilities and expanding its network of partners to navigate dynamic market conditions effectively. Pierre-Antoine Machelon, Managing Director of Eiffel Investment Group, expressed pride in collaborating with ENERPARC, highlighting the transaction’s alignment with Eiffel’s commitment to innovative financing solutions tailored to evolving business models like PPAs and BESS.

Alexander Kuhn, Managing Partner at Capcora, underscored the successful conclusion of this complex financing endeavor, showcasing Capcora’s expertise in delivering optimal solutions for clients in the renewable energy sector. The partnership between ENERPARC and Eiffel Investment Group signifies a milestone in European renewable markets, further emphasizing Capcora’s dedication to facilitating industry collaboration.

Financial advisory support for ENERPARC was provided by Capcora, with legal counsel from Simmons & Simmons, while Bird & Bird served as legal counsel for Eiffel Investment Group