Press releases

Frankfurt am Main, 12.02.2020

enen endless energy GmbH (“enen”), a company with focus on PV roof systems, receives another funding injection of EUR 2.3 million for a new portfolio with 2.8 MWp in Germany. This is the third financing round the company successfully carried out in cooperation with the consulting firm Capcora, specialized on real assets. A total of EUR 8.1 million for 8.4 MWp of roof systems was collected in the cooperation within 11 months.

enen starts the year with new bridge financing for the construction of 7 projects ranging in size from 250 kWp to 750 kWp, which will be connected to the grid by June 2020.

The announcement is linked to a change of strategy. The first, bridge-financed portfolio from March 2019 ("KG Bundel 1") was still sold to an institutional investor. At the turn of the year, enen decided to keep their future portfolios. This applies both to the current portfolio ("KG Bundel 3") and to the portfolio that was launched in August 2019 with 3.3 MWp ("KG Bundel 2"), for which enen is also supported by Capcora on securing the project financing. In addition, enen recently successfully raised crowdfunding for this portfolio.

"With innovative financing options in place and strong partners like Capcora at our side, we can adapt our strategy to the current market conditions at any time. Our current focus is on increasing our added value in the projects by building up our own portfolio with a sensible use of bridge financing,”explains 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. www.enen.energy

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.