Enpal looking to enter new markets after securing US$230 million in funding round

Facebook
Twitter
LinkedIn
Reddit
Email
Enpal currently installs more than 2,000 solar systems per month. Image: Enpal.

German rooftop solar installer Enpal has closed its Series D funding round with €215 million (US$230 million) in funding from a group of investors led by TPG Rise Climate, the dedicated climate-investing subsidiary of TPG Rise.

Investment was also secured from existing Enpal investors HV Capital, SoftBank Vision Fund II Capital and Princeville Climate Technology as well as new investors Westly Group and Activate Capital.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

This financing announcement comes after Enpal closed an additional refinancing of €855 million (US$916 million) a few weeks ago. The company said that the funds will enable it to pursue new products and explore new markets.

With more than 30,000 customers in Germany and 2,000 new solar systems installed per month, Enpal rents out the systems and carries out their service and maintenance.

“Fighting climate change is the greatest challenge of the 21st century”, said Enpal founder and CEO Mario Kohle. “We want to help tackle this global issue by putting solar panels on every roof, a battery into every home and an electric vehicle with a charger in front of every door.

“We are thrilled to have high-profile global cleantech investors on board to support our mission to make clean energy simple, affordable and accessible for every household.”

Edward Beckley, partner at TPG and senior member of the TPG Rise Climate investing team said: “Enpal’s success and rapid growth in Germany – Europe’s largest residential solar market – puts the company in a great position to grow into new markets, products and services and establish itself as the leading player in the sector.”

Enpal closed 2022 reporting over €400 million (US$429 million) in revenues. Viktor Wingert, co-founder and chief investment officer of the company, said: “Winning the trust of such high-calibre partners in a challenging macroeconomic environment leaves us very humble, but more eager than ever to deliver on our vision.”

Germany recently raised the tariff threshold for its future rooftop PV auctions in the hope of attracting more bids. Solar’s contribution to the country’s electricity generation jumped 19% in 2022 and seems set only to increase after the EU approved almost US$30 million in an expansion to the country’s renewable energy scheme last month.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.
2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

July 1, 2025
Spanish independent power producer (IPP) Zelestra has secured financing and reached financial close for its 220MW solar-plus-storage plant in Chile.
July 1, 2025
Independent power producer (IPP) Arevon Energy has closed a US$600 million credit facility to support its solar PV and energy storage portfolio in the US.
July 1, 2025
French private equity firm Ardian Clean Energy Evergreen Fund (ACEEF) has bought 117 solar PV plants, worth 116MW of total capacity in several locations in Italy.
Premium
June 30, 2025
Solargis CEO Marcel Suri explores three areas where new standards could help underpin greater efficiency, accuracy and market resilience.
June 30, 2025
Eni subsidiary Plentiude has started operations at the northern block of its 330MW Renopool solar portfolio in Spain.
June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA