Prime Capital has successfully concluded two significant financing deals, deploying over €350 million in junior debt financing for renewable energy assets across continental Europe over the past four years.
In the third quarter of 2023, Prime Capital acted as the exclusive lender in a private bond placement to finance a solar PV asset owned and operated by Münch Energie. This placement, amounting to approximately €21 million, provides Münch Energie with additional capital to enhance its initiatives. The financing is backed by a portfolio of more than 60 projects, primarily operational and mostly located in Bavaria.
Following this, Prime Capital executed another transaction to assist in financing assets owned by the SUNfarming Group. Once again, Prime Capital served as the exclusive lender for a transaction with a total volume in the double-digit millions in euros. This transaction is supported by a substantial operational solar photovoltaic portfolio in Germany, with a capacity of approximately 185 megawatts (MW).
Andreas Kalusche, CEO of Prime Capital, expressed the company's appreciation for the opportunity to collaborate with prominent developers, owners, and operators in the Renewable Energy sector. He noted, “Both transactions provide our clients with access to stable cash flows and contribute to the ongoing energy transition. Junior debt investments in infrastructure offer immediate returns and strong visibility of returns, making them an attractive complement to equity investments. We look forward to working with both companies.”
Prime Capital's investments in junior debt financing underscore its commitment to advancing renewable energy projects and supporting the transition to cleaner energy sources in continental Europe.