ENERTRAG secures medium-term investment loan for growth financing

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.

Source: ENERTRAG

Also interesting: