Renewables project developer and services company MaxSolar has secured 410 million euros ($458 million) in financing for its solar projects in Germany, the company said on July 14.
The financing facility is provided by institutional investors Infranity, I Squared Capital and France's Rivage Investment, and will be divided into an initial tranche of 165 million euros and a second tranche of 245 million euros.
The funds will enable the company to install 2 gigawatts (GW) of solar projects from its current 6.5 GW projects pipeline and help in recruiting international talent for its five locations in Germany, the company added.
"The financing facility will play a significant role in enabling our next growth phase by helping us materially scale our offering," MaxSolar Chief Executive Christoph Strasser said in a statement.
MaxSolar, founded in 2009, provides planning, construction and operation of photovoltaic systems, energy storage systems and charging infrastructure in addition to wind and heating solutions in integrated systems.
Recommended Reading
Energy Transition in Motion (Week of Sept. 13, 2024)
2024-09-13 - Here is a look at some of this week’s renewable energy news, including an agreement between Exxon Mobil and Mitsubishi Corp. concerning ammonia from a planned hydrogen facility in Texas.
Energy Transition in Motion (Week of Nov. 1, 2024)
2024-11-01 - Here is a look at some of this week’s renewable energy news, including progress on the largest U.S. offshore wind project being developed.
Energy Transition in Motion (Week of Sept. 20, 2024)
2024-09-20 - Here is a look at some of this week’s renewable energy news, including funding for a direct lithium extraction project in Arkansas.
Energy Transition in Motion (Week of Nov. 22, 2024)
2024-11-22 - Here is a look at some of this week’s renewable energy news, including the ranking of top corporate solar users in the U.S.
Energy Transition in Motion (Week of Nov.15, 2024)
2024-11-15 - Here is a look at some of this week’s renewable energy news, including an agreement for the supply of oxide fuel cells to meet energy data center needs.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.