The Berlin Start-up Enpal, Specialized in the Installation of Solar Systems and Heat Pumps, Experiences a Remarkable Upswing

With fresh credit commitments amounting to 1.1 billion euros from renowned international banks like Barclays, Bank of America, and Crédit Agricole, as well as an additional mezzanine financing of close to 120 million euros by CPP Investments from Canada, the company continues its expansion strategy. This financial support enables Enpal to facilitate access to solar systems and heat pumps for up to 35,000 households, thereby making a significant contribution to the energy transition in Germany.

The financing follows a record year in which Enpal was able to more than double its revenue and became the largest supplier in the German market with 30,000 installed systems. The company intends to continue its strong growth, although the industry has recently faced challenges such as inflation, rising interest rates, and reduced subsidies.

These Credit Commitments Are a Clear Sign of Banks' Confidence in Start-ups' Ability to Become Established Players in Their Industry. Enpal, founded in 2017 and now valued at more than two billion euros, stands out not only for its market position but also for its profitability compared to other start-ups.

Despite a Higher Price Compared to Competitors, Founder and CEO Mario Kohle Plans to Further Optimize the Production Chain by Establishing Their Own Production in Germany. This Underlines Enpal's Ambition to Actively Co-Shape the Energy Transition and to Make Sustainable Energy Solutions Accessible to a Wider Stratum of the Population.