ABO Energy, a renewable energy project developer, has closed a syndicated loan agreement for €240 million (~$280 million) with the participation of seven banks.
Commerzbank led the financing and acted as sole bookrunner and agent. Clifford Chance acted as legal advisor to the banks, while Noerr PartGmbB acted as legal advisor to ABO Energy.
As per the agreement, the financing volume is divided equally between traditional loans, revolving working capital facilities, and guarantee lines.
The syndicated loan largely replaces existing loans and promissory notes. Additional funds are expected to be used to finance the company’s growing project volume.
“The syndicated loan is an important step for our company. We are delighted to have secured the necessary funds to continue our successful course and develop and construct more wind, solar, and storage projects. The syndicated loan confirms the financial community’s confidence and interest in our forward-looking company,” says Alexander Reinicke, Managing Director of ABO Energy.
The transaction also attracted considerable interest from banks that had not previously contributed to ABO Energy’s financing. Renowned German and international institutions participated in the syndicated loan on standard market terms and conditions and maturities.
“Long-standing entrepreneurial success and an impressive project pipeline contribute to ABO Energy’s attractiveness and future viability. As one of the leading banks in the green infrastructure sector, we are delighted to support this innovative and sustainable financing and thus contribute to the energy transition on an international scale,” says Tim Koenemann, Head of Commerzbank’s Centre of Competence Green Infrastructure Finance.
According to Mercom’s 1H and Q2 2025 Solar Funding and M&A report, debt financing activity in 1H 2025 reached $7.8 billion in 41 deals, a 41% decrease compared to 1H 2024 when $13.2 billion was raised in 51 deals.
In May, Recurrent Energy, a solar and energy storage project developer and wholly owned subsidiary of Canadian Solar, secured a multi-currency credit facility valued at up to $415 million. This corporate funding was backed by a consortium of four major banks.
