Enpal receives 70 million euros in debt capital

The start-up intends to use this to finance the installation of additional solar systems, storage facilities and e-car charging stations.

The energy start-up Enpal is accessing a 70 million euro mezzanine loan from Prime Capital AG for the first time. The start-up states that this would increase the company's financing to a total of over 800 million euros. Of this, 500 million euros is refinancing capital and 300 million euros is growth capital. Enpal plans to use the new financing to build solar systems, storage facilities and e-car charging stations.

"The fight against the climate crisis is one of the greatest challenges facing humanity," says Enpal founder Mario Kohle. "The fact that internationally active financial institutions are joining the energy transition is an important signal."

Kohle founded the energy start-up in 2017 together with Viktor Wingert and Jochen Ziervogel. The start-up offers "complete packages" for climate-neutral living. In addition to solar systems, customers can also receive wallboxes and green electricity tariffs. Because Enpal rents out its systems, customers save on acquisition costs. According to the company, it currently employs around 2,000 people, including over 500 of its own tradespeople.