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    Enen Endless Energy to Raise Funds in Crowdfunding


    May 23, 2022 - Marketline - Deals

     

      Deal In Brief

      Enen Endless Energy GmbH (Enen), a solar energy company, has agreed to raise funds in crowdfunding

      Enen through this funding aims to finance two ground-mounted solar parks of 33 MWp and of 11 MWp which should be built in the Zarnewanz municipality near the city of Rostock. Both projects are in the planning stage and are expected to be shovel-ready within four years

      The marketing campaign runs on the crowdfunding platform Wiwin GmbH. The rate of interest stands at 6%.

      Deal Type Venture Finance
      Sub-Category Growth Capital/Expansion
      Deal Status Announced: 2022-05-10

      Deal Participants

      Target (Company) Enen Endless Energy GmbH
      Acquirer (Company) Undisclosed Company

      Deal Rationale

      The company intends to use the proceeds for financing for the development of two solar projects in northern Germany with a combined output of 44 MWp.

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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