Business World of Renewable Energy

IWR Reuters News Center RTL 103 0347 1280 256

Transaction: Capcora Supports Financing of PV Rooftop Portfolio

Frankfurt, Germany - Enen Endless Energy GmbH issues a new bearer bond of EUR 3.3 million to finance another roof-mounted PV portfolio with 7 PV-systems with a capacity of 3.3 MWp in Germany.

The expansion portfolio is scheduled to be commissioned in August and September 2019. The company already received an initial bridge financing for projects with 2.3 MWp in March 2019. These projects have since been built and sold. Enen again was supported in this transaction by Capcora, a consulting firm specialized on real assets. The new portfolio is again envisaged for sale after construction. Initial talks with investors are already under way.

The funding was provided by the same private debt fund, which also made available the first bridge financing in March. Due to the well-rehearsed processes and the availability of an existing documentation it was possible to close the financing in less than 2 weeks, Capcora says.

Source: IWR Online, 06 Aug 2019