ENERPARC Strengthens Expansion Goals with Billion-Euro Financing

Hamburg-based ENERPARC AG, one of the European leaders in developing, constructing and operating ground-mounted solar parks and battery storage facilities, has reached a key milestone in the continuation of its growth strategy, having secured a financing package totaling up to one billion Euros to fund continued expansion.

The financing, which was provided by a consortium of three global asset managers and a German state bank, consists of a loan of €500 million and a long-term project financing framework of up to €425 million - with an accordion facility that could increase project financing to €500 million.

With this package, ENERPARC is laying the foundation for the implementation of its growth-oriented medium-term corporate goals. Following a successful year 2025 that included 1.2 gigawatts of newly installed solar capacity - allowing its fully-owned, ground-mounted system portfolio to reach about 5 gigawatts - ENERPARC is now planning an increase in installation volume for 2026. The financing package provides both the necessary junior capital and a large portion of the senior debt capital to achieve these ambitions.

In addition, ENERPARC is planning a significant expansion of battery storage systems (BESS) this year. The company currently has 24 battery storage systems with around 220 MWh in operation or under construction, the majority of which are co-location storage systems alongside the company's own solar parks.

ENERPARC CEO Christoph Koeppen: "The current challenges facing the solar industry have led to caution among many market participants over the past year. At the same time, we have shown what we can achieve with determination, competence, and commitment in this environment - and will continue to do so. I am very pleased that our financing partners are accompanying us on this journey with confidence, expertise, and a constructive, collegial approach."

Established financing partners are helping shape the future of renewable energies

The two financing arrangements not only create the framework for ENERPARC's further expansion. They also underscore the confidence of well-known financing partners in the development of renewable energy and the global energy transition, and in the long-term prospects for the German market.

Astris Finance structured and placed the €500 million loan, which is provided by a consortium of three global asset managers, including EIG, Schroders Capital and Eiffel Investment Group. The medium-term loan finances a significant share of the construction equity for projects in Germany, France, and Spain over the next five years - on a scale that is exceptional in the renewable energy segment.

Astris Finance CEO Fabrice Henry, Head of European Operations Arnaud Germain and Head of DACH Dennis Schroeder: "First of all, thank you to the ENERPARC Team for the trust in Astris Finance and the great cooperation in setting-up this high-profile financing of strategic importance. We are very pleased with the outcome of the financing process. We worked under a very tight timeline, arranging and closing this tailor-made financing in just under six months. We have been impressed by the robustness and sophistication of the ENERPARC industrial machine, and we designed a financing structure that will provide the firepower needed for this machine to keep growing over the next several years. With EIG, Schroders Capital and Eiffel Investment Group, we selected a group of sophisticated lenders, whose intimate knowledge of the renewable energy sector and willingness to adapt to the operational setup of ENERPARC have been key success factors."

ENERPARC also agreed a long-term project financing framework with LBBW. Within this framework, clustered financing sections cover both the construction and operational phases of solar and battery storage facilities. Projects can be successively included in the agreement within 36 months as soon as they are ready for construction. This is the second financing deal that ENERPARC has implemented with LBBW: just last year, the two partners concluded a financing package worth €200 million. Capcora acted as financial advisor for both LBBW financings.

Alexander Enrique Kuhn, Managing Partner, Capcora: "This transaction marks a true milestone for the German renewables market. Structuring and arranging the senior financing with LBBW for ENERPARC represents the largest project financing in Germany to date and demonstrates how scalable, long-term debt solutions can support ambitious growth strategies in solar and battery storage. We are proud to have supported ENERPARC once again with a tailor-made financing framework that provides flexibility from construction through operation and underpins the company's next phase of expansion."