SÜDWERK secures HoldCo credit facility of up to EUR 48 million from Kommunalkredit

The SÜDWERK Group (“SÜDWERK”), a leading German renewable energy producer headquartered in Bavaria, has secured a HoldCo financing package of up to EUR 48 million from Kommunalkredit Austria AG (“Kommunalkredit”). The facility will fuel SÜDWERK’s continued growth and further strengthen its position as a technology-driven provider of end-to-end solutions for the energy transition, with a strong foothold in the German market. Capcora acted as SÜDWERK’s exclusive financial advisor on the transaction. 

The customized medium-term facility was structured at the holding company level and covers the group’s most advanced projects. SÜDWERK is currently developing a pipeline of more than 3 GWp of PV projects and 120 MW of late-stage BESS projects across Germany. A substantial portion of the financing will be deployed toward an 800 MWp solar PV portfolio, combined with two ready-to-build 20 MW battery energy storage systems (BESS) as well as several substations. 

“This financing represents a major milestone for SÜDWERK. It enables us to accelerate the energy transition by delivering tailored turnkey solutions that integrate solar, wind, and storage technologies,” said Manuel Zeller Bosse, Managing Director of SÜDWERK. 

“This transaction shows how complex cases can be turned into bankable structures. By combining multiple asset classes at the holding level, Kommunalkredit created a framework that gives SÜDWERK flexibility for growth and long-term stability. We see rising demand for such solutions, and our role is to provide the expertise and execution that help partners move forward with confidence,” said Volker Kruse, Head of Banking at Kommunalkredit. 

“We are proud to have advised SÜDWERK on this landmark deal. The structure sets an important precedent for the German market, demonstrating how pre-financing challenges across asset classes – spanning PV, BESS, and ultimately grid connection – can be addressed with a forward-looking developer approach,” said Alexander Enrique Kuhn, Managing Partner at Capcora. 

Kommunalkredit was advised by Simmons & Simmons (legal), 8.2 Group (technical), Aon (insurance), and PwC (commercial). On SÜDWERK’s side, Capcora acted as exclusive financial advisor, while Freshfields served as legal counsel. 

About SÜDWERK Group 

SÜDWERK is an independent developer and operator of utility-scale solar PV plants, wind farms, and large-scale battery storage systems headquartered in Burgkunstadt, Bavaria. Since 2017, the company has been driving the energy transition at the regional level. SÜDWERK manages the full project lifecycle—from land acquisition and permitting through construction and long-term operation of power plants. To date, the company has successfully delivered 40 PV plants with a combined capacity of over 400 MWp. These facilities generate roughly 440 GWh of clean electricity annually—enough to power around 120,000 households—while avoiding approximately 176,000 tons of CO₂ emissions per year. 

www.suedwerk.de 

About Kommunalkredit Austria AG 

As an infra banking expert, Kommunalkredit specializes in financing and advising forward-looking infrastructure projects throughout Europe. It is thus strengthening Europe’s resilience, promoting economic growth and accelerating the green and industrial transition. With credit financing, advisory, asset management and public finance as its core business fields, the bank supports projects in the areas of energy & environment, communication & digitalization, transport and social infrastructure. Kommunalkredit’s tailored solutions support infrastructure and energy projects (I&E) as well as corporate and acquisition financing – throughout the entire project life cycle and along the capital structure. Founded in 1958, Kommunalkredit has enabled new infrastructure and energy financing with a volume of around EUR 10bn since 2020 alone. The majority shareholder is European private equity firm Altor, which focuses on innovative companies and the green transition, and has raised more than EUR 12 billion since its inception. 

www.kommunalkredit.at
Kommunalkredit | LinkedIn 
 
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. 

www.capcora.com
Capcora | LinkedIn 

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