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SUNCATCHER secures €12 Million bridge facility for co-located pv and BESS projects in Germany
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Berlin-based independent power producer (IPP) and project developer SUNCATCHER has successfully secured a credit facility to finance solar photovoltaic (PV) projects and battery energy storage systems (BESS) in Germany. Structured at the HoldCo level, the €12 million facility will enable the realisation of two ready-to-build projects, which are set to commence construction with two further projects in the pipeline for subsequent construction. These projects are among the first of their kind, solely charging the BESS from the renewable asset and not relying on the German InnoA subsidy scheme. Capcora acted as exclusive financial advisor, responsible for structuring and sourcing the financing.
The initial financed portfolio comprises two photovoltaic projects with a combined capacity of approximately 22 MWp +16 MWh BESS, complemented by two additional projects totalling 19 MWp + 13 MWh BESS, all located within the federal state of Saxony-Anhalt. The associated BESS installations are designed as “Grünstromspeicher” – behind-the-meter battery systems that store renewable electricity to optimise self-consumption and load management.
This facility is specifically tailored to the requirements of co-located PV and BESS projects, offering SUNCATCHER flexible and efficient access to capital. It is among the first of its kind in Germany to finance such hybrid projects in general – a clear signal of growing market confidence in innovative renewable energy business models of co-located BESS projects without grid charging rights and no InnoA grant.
“The successful structuring of this financing marks a significant milestone in advancing our strategy of deploying scalable, integrated renewable energy projects. It highlights both the bankability and market appetite for flexible infrastructure that combines solar power generation with storage solutions,” commented Jurek Meemken, Managing Director of SUNCATCHER.
“Financing co-located projects of this kind presents significant challenges for the German banking sector. This facility for co-located PV and BESS projects sends a clear signal to the German market. We are pleased to have supported SUNCATCHER in this milestone transaction and are proud to underline our structuring expertise in innovative financing solutions.”, added Alexander Enrique Kuhn, Managing Partner at Capcora.
SUNCATCHER was legally advised by GVW GRAF VON WESTPHALEN. Technical due diligence was carried out by 8.2.
About SUNCATCHER
Founded in 2018, the SUNCATCHER Group develops, installs and operates solar systems on roofs and open spaces in Germany and Poland. Due to its holistic approach, the Group can provide a broad service spectrum along the entire value chain, ranging from project development through BESS EPC services and the operation of solar facilities.
About Capcora
Capcora is an independent financial advisory boutique specializing in M&A and project finance services to accelerate the energy transition in Europe. Founded in 2015, the Frankfurt-based company helps its clients succeed in the renewable energy and infrastructure sectors by advising them on sell-side and buy-side transactions, and by raising mezzanine, unitranche or senior debt.
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E-Mail: marketing@capcora.com
