VODASUN secures €20M for 35 MW rooftop solar in Germany

Germany-based VODASUN, a provider of megawatt-scale solar systems, has secured a €20 million (~$22.69 million) senior revolving credit facility. The funding from Zencap Asset Management will support the development of a 35 MW portfolio of EEG-supported rooftop solar projects in Germany. The structure allowed for continuous project additions over five years once reaching ready-to-build status. Capcora advised VODASUN®, while Luther Rechtsanwaltsgesellschaft and kiloWattsol supported the lenders. The initial portfolio included over 50 rooftop PV systems, with commercial operation expected by the end of 2025. Projects would be sold after commissioning. The financing covered a major share of the estimated €30 million (~$34.04 million) construction cost through senior debt and equity. The revolving structure enabled full drawdown during construction and repayment after project sales.