22 December 2023 Deals | Renewable Power

Equitix acquires one of Europe’s largest residential energy transition businesses, Enpal

Equitix acquires one of Europe’s largest residential energy transition businesses – a portfolio of home decarbonisation assets developed by Enpal.

The investment is the first of its kind at this scale in European home decarbonisation and further enhances Equitix’s growing renewables portfolio in Europe while continuing our commitment to a Net Zero future. The €1.6bn portfolio will contain connected solar photovoltaic panels, energy storage systems, and electric vehicle charging points in 60,000 households across Germany with a projected combined generation capacity of 550 MWp.
Equitix is carrying out this acquisition in partnership with Keppel Infrastructure Trust (KIT) and will together hold a 90% stake in the acquired business.
Equitix CIO, Achal Bhuwania said:
“We’re pleased to be partnering with Enpal and Keppel Infrastructure Trust in the this major home decarbonisation platform in Germany with a portfolio of more than 60,000 installations. Enpal’s innovative technology and business model offers greener and more affordable power for households, while also supporting our ambitions for a Net Zero future.”
Congratulations to our team on this deal, particularly to Gideon Tilburgs, Abdullah Raj, Theo Jennings and Charles Douglas-Fuz and to the teams at Enpal and Keppel Infrastructure Trust. Equitix was advised by ABN AMRO Bank N.V.CASE Corporate Finance, and Hogan Lovells teams based in Germany and the Netherlands.

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