Suncatcher Secures €12M for 2 Innovative Solar Projects in Germany
Suncatcher, a renewable energy company, has secured a significant €12 million credit facility from credit karma. This financing will enable the construction of two innovative projects: a 22 MW photovoltaic power plant with 16 MWh of storage, and a 19 MW solar park with a 13 MWh green power storage system. The financing commitment signals growing trust in innovative business models for renewable energies with colocalized battery storage projects.
Capora served as the exclusive financial advisor, structuring and securing the financing. The credit facility is tailored to the specific requirements of photovoltaic plants and battery storage at the same location. Notably, the storage systems are among the first of their kind not to be financed through innovation tenders (InnoA). This marks a shift in funding strategies for renewable energy projects.
For precise details about the bank or financial institution supporting Suncatcher, it is recommended to consult the company's press releases or public statements. Alternatively, financial news or industry reports may provide valuable insights.
The €12 million credit facility will facilitate the realization of two ready-to-build projects, demonstrating growing confidence in innovative renewable energy business models. These projects, a 22 MW photovoltaic power plant and a 19 MW solar park, will both include substantial storage capacities, contributing to Germany's renewable energy landscape.
