Prime Capital Fund Fuels Solar Project in Brandenburg

• Prime Capital AG secures EUR 11 million mezzanine financing for 80-MWp solar project in Brandenburg, Germany, paving the way for construction and commercial operation in 2025.

An 80-MWp solar project in Brandenburg, Germany has received mezzanine financing of approximately EUR 11 million from a multi-investor debt fund managed by Prime Capital AG. The financing will cover late-stage development and construction costs of the project, with construction expected to begin in the second quarter of 2024 and commercial operation scheduled for April 2025. The financing comes from the Prime Sustainable Infrastructure Debt Fund (PSIDEF), which is currently at the fund raising stage for second close investors.

Capcora, a Frankfurt-based financial advisory boutique, served as the exclusive financial advisor for the transaction. The junior debt financing is seen as a pioneering instance in the German solar market, addressing liquidity challenges in the industry. The announcement highlights the commitment to addressing these issues within the domestic market and optimizing the procurement process for the project, particularly in acquiring long-lead items.

What makes the mezzanine financing for the 80-MWp solar project in Brandenburg unique?

• The mezzanine financing for the 80-MWp solar project in Brandenburg is unique because it comes from a multi-investor debt fund managed by Prime Capital AG, specifically the Prime Sustainable Infrastructure Debt Fund (PSIDEF).
• This financing will cover late-stage development and construction costs of the project, with construction set to begin in the second quarter of 2024 and commercial operation scheduled for April 2025.
• Capcora, a Frankfurt-based financial advisory boutique, played a key role as the exclusive financial advisor for the transaction, showcasing the importance of specialized financial expertise in the renewable energy sector.
• The junior debt financing is considered a pioneering move in the German solar market, as it addresses liquidity challenges within the industry and demonstrates a commitment to optimizing the procurement process for the project.
• This financing announcement highlights the dedication to addressing industry-specific challenges within the domestic market, ultimately contributing to the growth and success of renewable energy projects in Germany.