2024-05-25
http://w3.windfair.net/wind-energy/news/46580-enertrag-secures-medium-term-investment-loan-for-growth-financing

News Release from ENERTRAG AG

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ENERTRAG secures medium-term investment loan for growth financing

New financing of 120 million euros with Commerzbank AG

Caption: Wind turbine within the Integrated Power Plant Uckermark © ENERTRAGCaption: Wind turbine within the Integrated Power Plant Uckermark © ENERTRAG

Dauerthal - ENERTRAG concludes new financing of 120 million euros with Commerzbank AG. The minimum term of at least five years and flexible options provide a solid foundation for further growth.

ENERTRAG, one of the leading players in the field of Renewable Energies, has successfully concluded a new financing of 120 million euros. The loan agreement signed with Commerzbank supports the company’s growth. The financing has a minimum term of at least five years with flexible extension thereby increasing options to meet future growth needs.

With this medium-term investment loan, ENERTRAG secures the opportunity to further advance the expansion of its own energy plants and project development. As a leading provider of hybrid power plants, ENERTRAG pursues a holistic approach that encompasses the development, construction, and operation of wind, PV, and electrolysis plants, as well as the corresponding network infrastructure.

The company benefits from a stable foundation of its own energy plants totaling over 900 MW as well as a full project portfolio. In Germany alone, permits for almost 200 MW of new wind energy plants have been obtained in the last six months and are now starting realization. Overall, the development portfolio has grown to over 18 GW in the last three years - almost a tripling since 2021. This includes 12 GW of wind projects as well as 3 GW each of photovoltaic and green hydrogen projects.

Through the Commerzbank financing, the company receives solid financial support to continue its growth in line with a successful energy transition.

Simon Hagedorn, CFO of ENERTRAG, comments on the successful financing as follows: "Securing this medium-term investment loan is a milestone for the ENERTRAG growth strategy. We are grateful for the support of our long-standing partners, especially Commerzbank, who significantly assist us in achieving our strategic objectives."

Tim Koenemann, Head of the Green Infrastructure Financing Competence Center at Commerzbank in Hamburg, adds: "We are very pleased to be able to accompany the strategic development of ENERTRAG with this financing. In doing so, we strengthen our decades-long cooperation. Driving forward the energy transition and the transformation of the economy is our strategic task. We are convinced that this growth financing is a key instrument for ENERTRAG to achieve its set goals and provides the foundation and necessary flexibility for the challenges of project business."

ENERTRAG is a pioneer and leader in the field of Renewable Energies and has established itself as a leading developer and operator of renewable energies and hybrid power plants. With a clear focus on sustainability and innovation, the company actively drives the energy transition forward and makes a significant contribution to the transformation of the energy industry.

About ENERTRAG

ENERTRAG is a leading company in the field of renewable energies in Germany and worldwide. With extensive expertise in the development, construction and operation of wind turbines, photovoltaic systems and integrated power plants, the company generates over 2 terawatt hours of electricity annually from its own plants.

A dedicated team of more than 1,100 employees drives projects with a capacity of over 15 gigawatts in nine countries and pursues a holistic approach to integrated power plants, including wind, PV and electrolysis plants as well as grid infrastructure. The company's core objective is to efficiently generate, combine and deliver renewable energy to customers worldwide.

 

 

 

Source:
ENERTRAG SE
Author:
Michael Rassinger Press spokesperson
Email:
michael.rassinger@enertrag.com



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