Capcora GmbH
Vodasun receives further growth capital
DGAP-News: Capcora GmbH
/ Key word(s): Financing
Munich-based Vodasun Group increases an existing bridge financing line to EUR 9m, setting the course for further growth in the rooftop PV market. Only in November 2020, the revolving credit line was extended from EUR 5.5 to 7.5m, and now it is being increased once more. Capcora has been supporting the company as financial advisor on its growth path for more than two years. With introduction of the EEG 2021, feed-in tariff (without mandatory tendering) for rooftop PV systems in Germany was limited for projects with a capacity of up to 300 kWp (previously 750 kWp). At the same time, the amendment introduced a new tendering pot specifically for rooftop projects – previously, larger rooftop installations still had to compete against more cost-efficient ground-mounted projects in auctions. This new constellation enables new opportunities for roof developers like Vodasun. By increasing the credit line, Vodasun is adapting to market changes. On the one hand, tender projects can now be planned larger, which increases financing requirement per project. On the other hand, plants have to be realized within only 12 months, which makes it necessary to implement financing quickly. “In 2022 alone, 2,300 MW of rooftop capacity will be put out to bid. This presents us with an unprecedented opportunity. At the same time, due to optimization of our financing channels, we can continue to supply the market for small plants up to 300 kWp,” says Jakob Katzendobler, owner of the Vodasun Group.
25.10.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |