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enen endless energy secures EUR 6 million revolving credit line for further growth in Germany.

Frankfurt am Main, 04.12.2020

The company enen endless energy GmbH ("enen"), which specializes in PV roof systems, secures a revolving bridge facility in the amount of EUR 6 million with the help of Capcora to realize the further roof system pipeline in Germany.

The new bridge financing will initially be used to finance a portfolio of 11 projects with a total capacity of 3.5 MWp ("KG Bündel 4"). All projects are expected to reach EEG commissioning this year and can thus secure an attractive feed-in tariff over 20 years.

The company announced in February 2020 that it would build up its own portfolio. The realization of KG Bündel 4 is part of this strategy. Further projects are in preparation.

The new financing, which was raised at the level of a newly founded holding company, has a term of 3 years and can be used on a revolving basis to finance the construction of PV projects. The line can be used to finance a project volume of approximately 15-20 MWp per year.

"This innovative financing represents a further milestone for our portfolio development. Efficiency gains in bridge financing and the standardization of processes are core elements for our project business, in which the time factor plays a major role", says Jürgen Mäurer, managing partner of enen endless energy.

About enen endless energy:

enen endless energy has been making a concrete contribution for 18 years to consciously and actively provide alternative and sustainable forms of generating electricity from renewable energy sources. To this end, its focus is on the development, financing and construction of profitable wind farms, biogas, biomass, photovoltaic and hydroelectric power plants in selected countries of the European Union. Since 2008, enen has been active exclusively in the area of freefield and rooftop photovoltaic systems.

About Capcora:

Capcora is a consulting firm, specialized on real assets. Capcora procures equity, mezzanine and debt financing for energy and infrastructure projects, real estate, and medium sized companies. The focus is especially on mezzanine financing for the recapitalization of tied-up liquidity in operating assets as well as for bridge financing of developments and construction measures in the area of renewable energies (photovoltaics, onshore wind) and real estate through alternative financing sources.