German solar installer Enpal has raised 345 million euros (405 million US dollars) in debt financing to fund the deployment of more than 15,000 home solar photovoltaic systems.

It was announced on September 21 that the financing will attract investors such as BlackRock, Pricoa Private Capital and UniCredit. This marked the Berlin-based company's "largest debt financing to date." The aforementioned "senior" investors contributed 275 million euros ($323 million), while other smaller institutional investors pledged 70 million euros in the form of subprime mezzanine loans.

The funds will be used to fund more than 15,000 new solar assets and energy storage systems. The company said it has installed more than 10,000 projects across Germany.

Keywords: new energy, international engineering news, foreign engineering project information

Gregor Burkart, head of Enpal's project financing, said: "Funding allows us to further pursue our vision of providing green and affordable energy for private households and driving our growth." The latest funding brings Enpal's total financing history to 500 million euros. ING Bank and IDCM acted as financial advisors to Enpal, while Greenberg Traurig provided legal advice.Editor/Baohongying