Enerpac Secures Bridge Financing for 325 MW Solar and Hybrid Projects in Germany

ENERPARC AG, a solar project developer, secured bridge financing for a 325 MW project portfolio consisting of solar PV and hybrid projects, including energy storage projects. The French investment firm, Eiffel Investment Group, provided the financing.

The portfolio consists of fifteen solar projects located in the states of Rhineland-Palatinate, Schleswig-Holstein, and Brandenburg. The projects vary in size, with the smallest at approximately 6 MW and the largest at 39 MW. Most of these projects are either constructed or about to reach completion and are expected to 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 battery storage (BESS) capacity installed and several Power Purchase Agreements (PPAs), both including baseload and pay as forecasted offtake schemes.

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

“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 Enerpac.

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