German solar solutions provider Enpal has secured more than EUR 5 billion in asset financing commitments, facilitating the installation of solar panels, heat pumps, batteries, electric vehicle chargers, and smart metre gateways in private homes across Europe.
The financing milestone, achieved ahead of schedule, is part of Enpal's broader goal to raise EUR 10 billion by 2027.
The EUR 5 billion in commitments will enable the installation of over 500,000 energy systems, bringing 3 GW of energy to the grid and saving one million tons of carbon dioxide annually in Germany, according to chief investment officer Viktor Wingert.
Founded in 2017, Enpal initially sold solar hardware directly to consumers. However, the company shifted to a financing model due to high upfront costs, allowing homeowners to avoid the initial investment while paying for the systems through regular instalments.
