Germany’s Enpal Nears Second Solar Panel-Backed Debt Deal

Enpal BV, a German residential solar provider, has set up an asset-backed facility alongside M&G PLC that paves the way for a second public debt deal backed by solar panels.

The €700 million ($816 million) warehousing facility is linked to the financing of residential solar panels and heat pumps in Germany, the company said in an emailed statement to Bloomberg. Enpal is the provider of the loans to clients, while M&G is the key funding partner, subscribing to the junior tranche of the facility.