Manuel Weller, Head of EU Structured Finance at Bank of America, says, “We are excited to support Enpal on its mission to become Europe’s one-stop shop for integrated green energy solutions with a powerful financing offering.” “Bank of America’s extensive credentials in the solar and energy space allow us to contribute meaningful expertise to the establishment of this new asset class in Europe.” Bela Schramm, Director of Securitization at Enpal, adds, “These commitments from global financial institutions enable us to maximise the flexibility and convenience of our energy management platform and ensure that our customers benefit from our integrated financing solution at optimal terms.” The proceeds will help expedite the deployment of the Enpal financing solution for residential solar and heat pump customers. Viktor Wingert, co-founder of Enpal, says, “We are delighted to announce our partnerships with Barclays, Bank of America, Credit Agricole CIB and CPP Investments, all leading players in the asset-backed security space, which will allow us to provide German homeowners with sustainable renewable energy solutions.” Enpal claims to pioneer residential energy transition with integrated renewable solutions. The company’s product offers solar, storage, EV-charging, heat pump, and energy management platform for optimised performance and long-term savings. Founded in 2017, Enpal says it has transformed green energy acquisition for fossil-free homes through its rental model and flexible, no-down-payment purchase option. Laurent Haik, Co-Head of European Auto & Operating Assets Securitization at Credit Agricole CIB, says, “We have been very impressed by Enpal’s growth trajectory and ability to originate residential customers at a significant scale.” “As part of Credit Agricole CIB’s long-standing involvement in the distributed generation space we are looking forward to a long-term and fruitful collaboration within the promising and fast-evolving arena of green securitisation.”