SUNCATCHER has successfully secured construction bridge financing for two large solar PV projects, totaling 111 MW, in Germany and Poland. The funding comes from Qualitas Energy’s debt fund, marking their first investment in a senior facility on a fully merchant basis. Capcora served as the financial advisor for the transaction. The portfolio includes an 83 MWp solar farm in Germany and a 28 MWp project in Poland. Both projects, already under construction, operate without long-term offtake contracts, making them unique in the market. Such financing is rare in Germany and Poland, highlighting the innovative approach taken in this deal.
Jurek Meemken, Managing Director of SUNCATCHER, said “Securing this bridge financing marks a crucial step for our work in both countries. These projects are on track to become some of the largest unsubsidized solar projects in active commercialization. We’re grateful for the institutional support through this innovative financing structure designed specifically for our projects.”
Severin Hiller and José María Arzac, Partners & Co-Heads of Credit, at Qualitas Energy, mentioned “We are thrilled to support SUNCATCHER with our first senior facility investment, addressing the critical funding gap in the renewable energy sector. This transaction highlights our commitment to enabling renewable energy infrastructure across Europe, particularly for fully merchant projects, which are at the forefront of innovation.”
“This financing reflects the growing confidence in renewable energy infrastructure in Europe, even for projects operating on a fully merchant basis. By structuring a tailored bridge-to-sale financing solution, we enabled SUNCATCHER to proceed with construction while maintaining flexibility for future commercialization strategies,” stated Bernhard Hofmann, Director at Capcora.
SUNCATCHER, a renewable energy company focused on Germany and Poland, specializes in solar PV and energy storage projects. This financing supports their goal of expanding renewable energy infrastructure in these key markets. Qualitas Energy, a major player in renewable energy investment, recently launched a €500 million Credit strategy to provide project financing. Their goal is to support the fast-growing sector by bridging funding gaps left by traditional lenders. Hogan Lovells served as the legal advisor for the lenders, while SUNCATCHER received legal support from Graf von Westphalen and financial advisory from Capcora.
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