Press releases
Vodasun increases revolving bridge financing line.
Frankfurt am Main, 17.11.2020
Munich-based Vodasun Group reaches an agreement to increase an existing bridge financing framework to EUR 7.5 million. The expansion capital in the amount of EUR 2 million will flow into new PV roof systems.
Vodasun was able to secure the revolving credit line at the end of 2019 with the support of Capcora. The interim financing has a term until the end of 2022 and serves to finance the construction phase until grid connection or until refinancing via a bank is ready for disbursement. To date, approximately 12 MW have been financed through the line.
"We are pleased that we were able to convince our partner to increase its loan. Flexible financing models are very important in these times, as traditional lenders tend to take more time for credit assessment, but at the same time the profitability of the projects depends on a fast implementation," says Jakob Katzendobler, owner of the Vodasun Group.
About Vodasun:
Since 2009, Vodasun plans, builds and operates turnkey photovoltaic systems throughout Germany. The range of services extends from single-family homes to complex large-scale projects with installed capacities in the megawatt range. The Vodasun Group is divided into three companies: Vodasun Akquise und Vertriebs GmbH develops and sells PV projects to private and institutional investors, Vodasun Construction is as EPC company responsible for the turnkey construction and Vodasun subsequently takes over the commercial and technical management of the plants. The best engineering and the use of high-quality components ensure the yield and longevity of the projects.
www.vodasun.de
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.