Funding and M&A Roundup: Solar Leasing Firm Enpal Raises $322 Million
Distributed renewable energy solutions company ZOLA Electric raises $90 million
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Enpal, a German-based solar PV and battery leasing solutions company, secured senior debt commitments of €275 million (~$322 million) from BlackRock, Pricoa Private Capital, and UniCredit. In addition, institutional commitments of €70 million (~$82 million) were signed in the form of a subordinated mezzanine loan. The senior and junior facilities will jointly refinance more than 15,000 new solar plants and energy storage systems.
