• Enpal and UK investment manager M&G jointly set up a c. €700m ABS warehouse for residential solar and heating loans

• Citi, Barclays, Bank of America, and Crédit Agricole CIB to provide a total of €600m senior financing for the facility

• New structure enables Enpal to scale its embedded financing solution in an equity-light, fully capital efficient way

Berlin/London, 21^st October 2025 – Enpal, Europe’s leading residential solar provider and Germany’s largest heat pump provider, has set up a c. €700m ABS warehouse jointly with UK investment manager M&G to further accelerate the roll-out of Enpal's embedded financing solution for residential solar and heating.  

The facility, backed by €600m in senior lending from Citi, Barclays, Bank of America, and Crédit Agricole CIB, marks a major step in Enpal’s transition to a fully capital efficient refinancing model.

“Securing additional funding from leading international banks highlights the appeal of our embedded financing model,” said Viktor Wingert, CFO and Cofounder of Enpal. “This new structure enables us to scale even more capital efficiently, bringing modern energy solutions to thousands of households without high upfront costs.”

“Our partnership with M&G, established in 2022, has become a cornerstone of our refinancing engine,” added Gregor Burkart, Senior Vice President Asset Financing at Enpal. “Together, we will continue transitioning thousands of households each month to renewable energy solutions while strengthening Europe’s energy independence.”

About Enpal

Enpal provides an integrated solution for decentralized energy—combining solar panels, battery storage, EV chargers, smart meters, and heat pumps. At the core is Enpal.One+, the AI-powered energy trading platform that connects tens of thousands of batteries into a virtual power plant and trades our customers’ electricity on the energy market. Founded in Berlin in 2017, Enpal has grown to become Europe’s leading installer of residential solar systems, Germany’s largest independent metering point operator, and the market leader in installed heat pumps. Today, over 100,000 customers rely on more than 300,000 decentralized energy systems from Enpal. Enpal is backed by some of the world’s leading impact and technology investors, including TPG Rise Climate, The Westly Group, Activate Capital, SoftBank Vision Fund II, Princeville Climate Technologies, HV Capital, and Picus Capital. Learn more at corporate.enpal.com and on LinkedIn.

Lea Heck  

Media Relations Enpal  

presse@enpal.de