Sienna IM Provides €36M Mezzanine Financing for German Solar Portfolios

By Global Infrastructure Sherpa · Feb 10, 2026

Financing SolarRenewablesSolar Pv announced Germany

USD36M

Deal Value

421 MWp

Capacity

Sienna Investment Managers has provided mezzanine financing facilities of €36 million to support two portfolios of large-scale solar photovoltaic projects across Germany. The financing enables CAPEX funding for approximately 421 MWp of solar capacity. Capcora acted as exclusive financial adviser to the sponsor, a German developer and IPP, in this transaction. The transaction covers 23 individual solar PV projects grouped into two portfolios, each comprising a mix of operational assets, assets under construction, and ready-to-build projects.

Deal Analysis

The deal between Sienna Investment Managers and a German developer and IPP marks a significant milestone in the European renewable energy sector. Sienna Investment Managers has provided €36 million in mezzanine financing to support two portfolios of large-scale solar photovoltaic projects across Germany, enabling CAPEX funding for approximately 421 MWp of solar capacity. The deal is notable for its size and the involvement of key players. The European renewable energy sector, particularly in Germany, has seen significant growth in recent years, driven by government initiatives and declining technology costs.

€36 million in mezzanine financing provided by Sienna Investment Managers
421 MWp of solar capacity enabled by the financing
23 individual solar PV projects covered by the transaction
Involvement of experienced advisors and legal counsel, including Capcora, Simmons & Simmons, and Bird & Bird

Market Context: The European renewable energy sector, particularly in Germany, has seen significant growth in recent years, driven by government initiatives and declining technology costs.