Frankfurt, 29th June 2022
- Junior Debt financing of a rooftop solar PV and battery systems of approx. 185 MWp across Germany
- Gives investors direct access to stable and long-term returns generated exclusively by the solar PV and battery assets
- Supports Enpal GmbH, the first green unicorn in Germany, on its way to becoming Germany’s leading provider of green energy solutions for private households
Prime Capital, the independent asset manager and financial services provider based in Frankfurt, announces the Junior Debt financing for a rooftop solar PV and batteries portfolio of approx. 185 MWp across Germany, one of the largest Junior Debt financings for Renewable Energy infrastructure projects in Europe. With the financing of approximately EUR 70 million, Prime Capital supports Enpal GmbH – Germany’s first green unicorn – in becoming Germany’s leading provider of green energy solutions for private households and supports its mission to make green energy easily and affordably accessible to a wide public.
This particular transaction demonstrates Prime Capital’s ability to respond and adapt to the owner’s business model through careful transaction structuring. Enpal intends to use the new capital to refinance the construction of several thousand new solar plants and storage facilities.
Prime Capital has already become one of the largest investors in the Nordics onshore wind market over the past few years and has just been awarded the “Green Fund of the Year 2022” for its “Prime Green Energy Infrastructure Fund”. In addition to the Nordic countries, the company has made Equity and Junior Debt investments across Europe.
“We are pleased with the successful closing of the Junior Debt financing and our fruitful cooperation with Enpal. The interest in green investment opportunities keeps increasing, not only because of recent developments in the energy market, but also because of the increased efforts to stop climate change,” says Dr Werner Goricki, CIO of Prime Capital. “For the second half of 2022, we are planning further sustainable investments as well as new strategies that will combine the benefits of sustainability and digital, social and renewable infrastructure in the Junior Debt segment.”
Prime Capital has already deployed around EUR 300m in Junior Debt financing for Renewable Energy investments across Europe over the past 36 months and is about to start fundraising for its next strategy. This strategy will focus on Junior Debt financing for sustainable infrastructure projects, aligned with Article 9 under SFDR and aimed at supporting sustainable development through decarbonisation and improved access to inclusive and modern infrastructure, while continuing to secure attractive returns for investors.
About Prime Capital:
Prime Capital AG is an independent asset management firm and financial services provider, owned by management and employees. The company specializes in Alternative Investments, in particular in Absolute Return, Infrastructure, including Renewable Energy and Private Debt. Furthermore, the company offers Access Solutions as well as Investment Advisory & Solutions. Prime Capital was founded in 2006, currently employs around 120 people in Frankfurt and Luxembourg and is regulated by BaFin and CSSF.
As of March 2022, Prime Capital has approximately EUR 4.3 bn Assets under Management as well as EUR 7.3 bn Assets under Administration.
For additional information, quotes or requests please contact:
Prime Capital AG
Andreas Kalusche, CEO
Questions regarding the content please contact Dr Mathias Bimberg
Tel: 0049 69 9686 984 308