Enpal Secures Major Financing Deal to Expand Renewable Energy Solutions Across Europe
- brg_news_room
- 2 days ago
- 1 min read
Germany: Germany-based solar and heat pump provider Enpal has entered into a financing agreement worth EUR 700 million (USD 755 million) with M&G Investment Management to accelerate the adoption of renewable energy technologies across Europe. Supported by an additional EUR 600 million (USD 647 million) in senior loans from banks including Citi and Barclays, the funding will strengthen Enpal’s ability to expand solar and heat pump installations for residential users. The collaboration aims to promote energy independence and broaden access to sustainable energy systems across the continent.
The new asset-backed securities arrangement will be used to enhance Enpal’s infrastructure and support the installation of more household renewable energy systems. The company, founded in 2017, offers photovoltaic systems, energy storage, and electric vehicle charging solutions under a rental model to make clean energy more accessible. Enpal’s partnership with M&G is seen as a step towards scaling operations and diversifying Europe’s renewable energy supply, contributing to the region’s wider energy transition efforts.
Source: Coin Turk Finance
