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ENERPARC secures €100 Million from SICORE Real Assets with support from Capcora
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ENERPARC AG (“ENERPARC”), a leading pan-European solar developer and independent power producer (IPP), has secured €100 million in mezzanine financing from SICORE Real Assets. The mezzanine capital is provided via subordinated loans with terms of up to 22 years and will be allocated across three independent HoldCos of ENERPARC AG. These HoldCos own three portfolios totaling nearly 800 MWp, distributed across approximately 30 solar PV parks, primarily located in Rhineland-Palatinate, Schleswig-Holstein, and Brandenburg. Capcora acted as exclusive financial advisor to ENERPARC for this transaction.
The owner-managed company, headquartered in Hamburg, will use the funds to develop additional solar parks. The total output of the financed assets is planned to reach approximately 800 Megawatt Peak (MWp).
“We are pleased to have established such a partnership with one of Europe’s largest fully integrated solar project developers right here in Hamburg. The portfolio, which includes EEG (including innovation tender) and PPA structures as well as a small merchant tail, along with ENERPARC’s professional setup, aligns well with our sustainable strategic orientation,” said Alexander Wollin, Head of Infrastructure Portfolio Management at SICORE Real Assets.
“The commitment from SICORE Real Assets is another key building block for the development and realization of our pipeline. As one of Europe’s largest asset holders, project developers, EPCs, and integrated energy traders, we value solution-oriented, professional, and trustworthy partners who support us long-term. We look forward to continued collaboration with SICORE,” said Marco Langone, Head of Finance at ENERPARC AG.
“We are proud to have supported ENERPARC as financial advisor in this landmark transaction. Mezzanine financing is a central tool for implementing large-scale IPP strategies. This structure demonstrates how institutional capital can be efficiently combined with entrepreneurial execution power,” said Alexander E. Kuhn, Managing Partner at Capcora.
SICORE Real Assets was advised on this transaction by Fieldfisher (Munich), renerco plan consult (Munich), and Baker Tilly (Düsseldorf). On ENERPARC AG’s side, Capcora acted as the exclusive financial advisor, with Simmons & Simmons (Frankfurt) serving as legal counsel.
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.
About ENERPARC
An internationally active specialist in megawatt-scale solar power plants, ENERPARC operates as a developer, builder, operator, and investor in large-scale solar power plants. Founded in Hamburg in 2008 as a privately held company, the ENERPARC Group now employs over 600 people across its core markets in Germany, Spain, France, Portugal, India, and Australia. To date, ENERPARC has successfully connected more than 700 solar installations worldwide with a total capacity of over 4.7 GW – around 3.5 GW of which are owned solar power plants – making it one of Europe’s largest independent solar power producers.
About SICORE Real Assets
SICORE Real Assets GmbH stands for long-standing experience and sustainable investments in the real estate and infrastructure sectors. More than 120 employees manage assets worth over €8 billion.
In real estate, the internationally positioned experts manage office, retail, hotel, logistics, and residential properties across 24 countries. In addition to portfolio management, the company covers acquisition and sales, asset management, and project development.
The second pillar of the company includes an international portfolio of assets in renewable energy and other infrastructure sectors. The in-house specialist team manages over €2 billion through individually structured direct investments, fund participations, and mezzanine financing. The service spectrum ranges from project development to transactions, financing, and investment solutions.
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Capcora GmbH
E-Mail: marketing@capcora.com
