Enpal Lands $462 Million in Renewable Energy Debt Funding

Enpal is a designer and manufacturer of solar panels providing an end-to-end service for homeowners, including the financing, installation, and maintenance of solar panels. Enpal offers a subscription service where homeowners pay a fixed monthly fee for the energy generated by their solar panels. This innovative approach has made solar energy more accessible to homeowners who might not have been able to afford the upfront costs of solar panel installation.

Enpal has obtained $462.55 million in debt funding from BlackRock, DWS, and ING. The fresh refinancing capital will be used to install over 13,000 new renewable energy solutions, including solar systems, storage units, and EV chargers. In total, Enpal has raised more than $2 billion till that moment.

Enpal, Berlin, Germany, was founded in 2017 by Jochen Ziervogel, Mario Kohle, and Viktor Wingert. In 2021, the company joined the unicorn club.“Our financing partners across the world represent a crucial pillar of our strategy to supply our customers with the best possible renewable energy solutions and to become independent. We thank all our partners for their trust in our business model and in our mission to make renewable energy accessible to all people. We welcome DWS and Phoenix Group to the ranks of our financing partners,” said Enpal Co-founder and Chief Investment Officer, Viktor Wingert.

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