Enpal receives EUR 430 Million renewable energy debt funding and it enables Enpal to install over 13,000 new renewable energy solutions for its customers.
Enpal, Germany’s fastest growing energy company has successfully obtained EUR 430 million in funding from BlackRock’s private markets platform, ING Germany and DWS, on its way to connect humanity to a renewable community.
Enpal was founded in 2017 with the vision of connecting humanity to become a renewable community. The Berlin-based Greentech offers the first integrated package for a climate-neutral home including PV systems, energy storage, EV chargers, green electricity tariffs, smart energy management and heat pumps.
Its solar energy solution is easy, affordable, and smart, making private households independent from fossil fuels and reducing carbon emissions. Customers have no upfront investment and benefit from the all-inclusive care-free rental-package, including service and maintenance.
This milestone represents the largest residential renewable energy debt fundraising activity in Europe to date. The fresh refinancing capital will enable Enpal to install more than 13,000 new renewable energy solutions, including solar systems, storage units and EV chargers.
“Our financing partners across the world represent a crucial pillar of our strategy to supply our customers with the best possible renewable energy solutions and to become independent. We thank all our partners for their trust in our business model and in our mission to make renewable energy accessible to all people. We welcome DWS and Phoenix Group to the ranks of our financing partners,” said Enpal Co-founder and Chief Investment Officer, Viktor Wingert.
Enpal recently expanded its product range by adding heat pumps produced by market leaders such as BOSCH and Daikin. At the same time, the company started offering access to the evolving concept of Virtual Power Plants.
- company press release
