ENVIRIA, a leading provider of commercial and industrial rooftop solar systems, has secured up to €60 million in unitranche financing from the Green Energy Debt Funds advised by Berenberg. This financing will accelerate the development of Germany's largest rooftop solar pipeline, initially comprising 84 projects, with the potential to expand to 150 under a streamlined contract structure.
The projects, secured under the Renewable Energy Act (EEG) tariff, are expected to contribute significantly to sustainable energy supply. Some systems are already operational, and the full portfolio should be grid-connected by the end of 2025, reducing CO2 emissions by approximately 17,000 tons annually.
This tailored financing solution offers ENVIRIA flexible disbursement and repayment terms, enabling faster project execution while optimizing long-term funding opportunities post-commissioning. ENVIRIA previously received over $200 million in investment from BlackRock, underscoring the company's growth potential and value.
Torsten Heidemann, Head of Infrastructure & Energy at Berenberg, highlighted the flexibility of their financing approach:
“Our bridge financing solutions allow ENVIRIA to scale its portfolio and begin construction and operation ahead of long-term financing. We are proud to support ENVIRIA’s impressive growth through a professional and collaborative partnership.”
Alejandro Garrido, Head of Corporate & Project Finance at ENVIRIA, emphasized the milestone's significance:
“This financing strengthens ENVIRIA’s leadership in Germany’s solar market and our position as a one-stop shop for commercial and industrial solar solutions. Berenberg’s understanding of our needs and constructive collaboration have been invaluable.”
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