ENERPARC AG, a European solar project developer and independent power producer, secured a €1 billion (~$1.15 million) debt package to support the continued expansion of its solar and battery storage pipeline across the company’s core markets.
This new financing package, provided by a consortium of three global asset managers and a German state bank, comprises a loan of €500 million (~$577 million) and a long-term project financing framework of up to €425 million (~$490 million) with and accordion facility that could increase project financing to €500 million (~$577 million).
Astris Finance structured and placed the €500 million (~$577 million) loan, which was provided by a consortium of three global asset managers, including EIG, Schroders Capital, and Eiffel Investment Group. This medium-term loan finances a significant share of the construction equity for projects in Germany, France, and Spain over the next five years.
ENERPARC also agreed on a long-term project financing framework with LBBW, under which clustered financing sections cover both the construction and operational phases of solar and battery storage facilities.
“With this framework financing, we are supporting ENERPARC in taking the next big step in the expansion of solar energy and battery storage. Our commitment and structuring expertise underscore LBBW’s role as a long-term financing partner for infrastructure and the energy transition – from the construction phase to operation. I am particularly pleased that, based on our proven track record of cooperation, we are once again implementing a tailor-made, scalable financing concept that gives ENERPARC reliable room for maneuver for the coming years,” said Jan Weismüller, Global Head of Infrastructure, Energy and Transportation at LBBW.
The company had installed 1.2 GW of new solar capacity and expanded its operating portfolio to 5 GW in the previous year. Additionally, ENERPARC is advancing its battery storage platform, with 24 battery energy storage projects totaling around 220 MWh currently in operation or under construction.
Capcora supported ENERPARC throughout the structuring, negotiation, and closing of the €500 million (~$577 million) senior facility.
Large-scale solar project funding increased by 37% in 2025 compared with the funding raised in 2024, according to Mercom’s recently released Annual and Q4 2025 Solar Funding and M&A report.
Recently, Primergy, a renewable energy project developer and portfolio company of Quinbrook, secured a refinancing through a $600 million private placement of senior secured notes, together with a $160 million letter of credit facility for its Gemini Solar + Storage project.
