185MWp German Solar Financed
- SUNfarming secures double-digit million Euro financing for 185-MWp PV projects. Prime Capital AG raised funds through project bonds and Capcora acted as exclusive financial advisor. German solar power developer looks to finance growth with this successful transaction.
SUNfarming, a German solar projects developer, recently obtained mezzanine financing in a double-digit million Euro amount for a 185-MWp portfolio of operational photovoltaic (PV) plants. The funds were raised from a managed account administered by Prime Capital AG through the issuance of two project bonds. This transaction was facilitated by Capcora as an exclusive financial advisor to SUNfarming. With additional financial resources now available, SUNfarming hopes to finance their growth, particularly in Germany, and push forward their ongoing projects. Prime Capital was advised by Simmons & Simmons, meteocontrol, Eight Advisory and EURO Transaction Solutions in the transaction, while SUNfarming was advised by Hogan Lovells in legal matters.
What Financing Resources Enabled SUNfarming's Growth?
- SUNfarming was able to utilize mezzanine financing to raise double-digit million Euros for their 185-MWp portfolio of PV plants.
- The financial resources were raised through issuance of project bonds from a managed account administered by Prime Capital AG.
- Capcora acted as an exclusive financial advisor to SUNfarming for the transaction.
- Prime Capital was advised by Simmons & Simmons, meteocontrol, Eight Advisory and EURO Transaction Solutions in the transaction.
- SUNfarming was advised by Hogan Lovells in legal matters regarding the transaction.
- With additional financial resources now available, SUNfarming hopes to finance their growth, particularly in Germany, and push forward their ongoing projects.
