€500m Senior Debt Framework Facility Anchors ENERPARC’s €1bn Financing Strategy - Capcora Advises on €500m Repeat Landmark Deal with LBBW 

ENERPARC AG (“ENERPARC”), a leading pan‑European solar developer and independent power producer (IPP), has secured a comprehensive €1 billion debt package to support the continued expansion of its solar PV and battery storage pipeline across their core markets. The new debt package combines a €500 million junior debt facility provided by a consortium of global asset managers with up to €500 million of long‑term senior project financing.

As part of this overall financing strategy, ENERPARC has signed a €500 million senior debt framework financing with LBBW, for which Capcora acted as exclusive financial advisor. This transaction marks the second major deal Capcora has advised ENERPARC on with LBBW, following the €266 million project financing package completed in 2025 for a 400 MWp solar PV portfolio in Germany.

The newly arranged senior framework facility totals €500 million, comprising a €425 million base facility and a €75 million accordion, designed to accelerate development and construction across ENERPARC’s multi‑Gigawatt pipeline over the next five years. Embedded within the broader €1 billion debt package, this senior facility further strengthens ENERPARC’s financial position at a time when the company continues to execute an ambitious growth strategy. In the previous year alone, ENERPARC installed 1.2 GW of new solar capacity and expanded its operating portfolio to 5 GW. In parallel, the company is advancing its battery storage platform, with 24 BESS projects totalling around 220 MWh currently in operation or under construction. 

“The current challenges facing the solar industry have led to caution among many market participants over the past year. At the same time, we have shown what we can achieve with determination, competence, and commitment in this environment – and will continue to do so. I am very pleased that our financing partners are accompanying us on this journey with confidence, expertise, and a constructive, collegial approach,” commented Christoph Koeppen, CEO of ENERPARC. 

“With this framework financing, we are supporting ENERPARC in taking the next big step in the expansion of solar energy and battery storage. Our commitment and structuring expertise underscore LBBW’s role as a long-term financing partner for infrastructure and the energy transition – from the construction phase to operation. I am particularly pleased that, based on our proven track record of cooperation, we are once again implementing a tailor-made, scalable financing concept that gives ENERPARC reliable room for maneuver for the coming years,” said Jan Weismüller, Global Head of Infrastructure, Energy and Transportation at LBBW. 

“This transaction marks a true milestone for the German renewables market. Structuring and arranging the senior financing with LBBW for ENERPARC represents the largest project financing in Germany to date and demonstrates how scalable, long‑term debt solutions can support ambitious growth strategies in solar and battery storage. We are proud to have supported ENERPARC once again with a tailor‑made financing framework that provides flexibility from construction through operation and underpins the company’s next phase of expansion,” added Alexander Enrique Kuhn, Managing Partner at Capcora. 

Capcora supported ENERPARC throughout the structuring, negotiation, and closing of the €500 million senior facility, ensuring that the financing aligns with ENERPARC’s long-term strategic and financial objectives and contributes to the successful execution of the company’s wider €1 billion debt programme. 

About ENERPARC 

ENERPARC is an internationally active specialist in megawatt-scale solar power plants. Since its foundation, ENERPARC has focused on the development, construction, and operation of ground-mounted photovoltaic systems. The company covers the entire value chain – from planning and implementation to electricity marketing and storage solutions. In this segment, ENERPARC has become one of the largest independent operators of solar power plants in Europe. 

The ENERPARC Group currently employs around 700 people in Germany, Spain, France, India, and Australia. In recent years, ENERPARC has successfully connected more than 750 solar plants with a capacity of over 5,500 MW to the grid worldwide – around 4,500 MW of which are its own power plants. 

www.enerparc.com 

About LBBW 

LBBW is a mittelstand-minded universal bank and a central bank for the savings banks in Baden-Württemberg, Saxony and Rhineland-Palatinate. With total assets of EUR 356 billion and around 10,800 employees, LBBW is one of the largest banks in Germany. Its core activities include business with corporate customers, especially SMEs, and business with private customers and savings banks. It also focuses on real estate and project finance in selected markets and customer-oriented capital markets business with banks, savings banks and institutional investors. SMEs and private customers in Baden-Württemberg as well as wealth management clients are served under the BW-Bank brand, while the Group’s commercial real estate financing is bundled under the Berlin Hyp brand. In addition to its expertise in innovative and complex forms of investment and financing, support for tapping international markets plays a key role. LBBW operates at 16 locations in 15 countries around the world. Specialized subsidiaries in areas such as leasing, factoring, real estate, commercial direct investment business, venture capital and asset management complement the LBBW Group’s range of in-house services. 

www.lbbw.com 

About Capcora 

Capcora is an independent financial advisory boutique specialising 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. 

www.capcora.com