Enerparc secures financing for its photovoltaic projects.

Enerparc has successfully obtained financing to support the development of a 400MWp pipeline of ground-mounted solar PV projects in Germany.

The financing package includes a €216 million senior secured project finance framework facility (along with related facilities) and a €50 million revolving credit facility (RCF).

The financing structure, which employs a portfolio-based approach, is intended to support a variety of revenue streams and ensure long-term financial viability for Enerparc’s solar pipeline. Capcora served as the exclusive financial advisor for this deal.

The project finance framework facility allows Enerparc to fund groups of solar PV assets that will be incorporated into the facility over a period of 24 months as they reach the ready-to-build phase.

This long-term facility, which can last for up to 24 years, encompasses both the construction and operational stages, providing stability and adaptability for Enerparc’s growth.

A significant aspect of the facility is its capacity to support a blend of revenue sources including Feed-in Tariffs (FIT) and Power Purchase Agreements (PPAs). Furthermore, a substantial RCF at the corporate level will facilitate early access to funds.

Marco Langone, Head of Finance at Enerparc, stated: "This financing agreement is crucial for us to expand our solar PV portfolio and make a substantial contribution to Germany’s energy transition. "By securing flexible funding, we can develop projects with varied revenue models, including those backed by EEG and unsubsidized solar projects supported by PPAs."