SoftBank-Backed Enpal Raises €430 Million for Solar-Leasing Unit
- DWS and Phoenix Life join existing investors BlackRock and ING
- Enpal’s total refinancing commitments now over €1.9 billion
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The SoftBank-backed solar power startup Enpal said Friday that it has raised €430 million ($464 million) in debt funding to finance its leasing business.
DWS and Phoenix Life Limited joined existing investors BlackRock and ING in the refinancing round, according to the company. BlackRock upped its commitment in this round by €100 million, and ING increased its own by an additional €150 million, it said.