Greenberg Traurig advised green tech company Enpal on raising EUR 855 million project financing from ING, UniCredit and funds managed by BlackRock Alternatives, Pricoa Private Capital, and Infranity, a Generali-affiliate. Enpal has said its goal is to make green energy accessible for the mainstream market and is following a trend in Germany, offering an integrated complete package for a climate-neutral home including a photo voltaic system, power storage, electric vehicle (EV) charger, a green electricity tariff, and smart energy management. The financing, which consists of senior financing and a mezzanine financing, will enable Enpal to install more than 30,000 new solar systems, storage units, and EV chargers.
Greenberg Traurig advised Enpal on all legal aspects of the structuring of project financing as well as the negotiations of the finance documents and note documentation. In addition, the team advised on necessary adjustments to project contracts and on issues of energy regulation.
Enpal has been a client of the Greenberg Traurig team for several years. The team of attorneys has advised Enpal on several financings as well as on energy law and general contract law issues, including in connection with the expansion of Enpal´s business model, including battery storage, EV chargers.
The team of Greenberg Traurig attorneys comprised Shareholders Kati Beckmann (lead) and Martin Borning and Associates Alexander Schley and Isabel D. Ruhnke.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2500 attorneys in 43 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm reported gross revenue of over $2 Billion for FY 2021 and is consistently among the top firms on the Am Law 100, Am Law Global 100, and NLJ 250. On the debut 2022 Law360 Pulse Leaderboard, it is a Top 15 firm. Greenberg Traurig is Mansfield Rule 5.0 Certified Plus by The Diversity Lab and the Center for Resource Solutions Green-e® Energy program certifies that the firm’s U.S. offices are 100% powered by renewable energy. The firm is often recognized for its focus on philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.