Debt refinancing advisory

Advisor to Engel Energy on the financing for the launch of a new solar subscription business model

Engel Energy is a family-owned company specialized in the sale and installation of self-consumption photovoltaic systems, positioned as one of the leading independent installers in Spain.

AZ Capital acted as exclusive financial advisor to Engel Energy in the structuring and raising of financing for the launch of a new clean-tech business model focused on residential energy services, based on a solar subscription system under the “Energy as a Service” model, the first of its kind in Spain.

The transaction involved raising €100MM from an institutional investor, structured as preferred equity and channelled through an SPV outside Engel’s corporate perimeter. This structure enables 100% financing of expansion capex.

Sector: Energy and Utilities