- The undisclosed developer secured EUR 11 million mezzanine financing for an 80-MWp solar project in Brandenburg, Germany.
- Financing facilitated by Prime Capital AG and advised exclusively by Capcora.
An undisclosed developer secures mezzanine financing from a multi-investor debt fund managed by Prime Capital AG. The financing, totalling approximately EUR 11 million (USD 11.8 million), supports the realisation of an 80-MWp solar project in Brandenburg, Germany.
Frankfurt-based independent financial advisory boutique Capcora exclusively advises on this transaction. Prime Capital AG provides the junior debt, covering late-stage development and construction costs, focusing on optimising procurement processes, especially for acquiring long-lead items.
Bernhard Hofmann, Director at Capcora, remarks on the significance of this junior financing within the German solar market. Construction activities for the solar project begin in the second quarter of 2024, with commercial operation scheduled for April 2025.
Subsequent arrangements for senior financing will support the project’s development as it progresses. The financing stems from the Prime Sustainable Infrastructure Debt Fund (PSIDEF), which is currently fundraising for second-close investors.
This initiative underscores efforts to advance sustainable infrastructure projects and attract investment in the renewable energy sector. With the EUR to USD exchange rate at approximately 1.0 to 1.078, the financing injection accelerates the transition to clean and renewable energy sources, positioning Germany as a leader in sustainable energy development.