Enpal Secures €110 Million in Fresh Funding

According to recent reporting from Handelsblatt, German green energy provider Enpal has secured €110 million in a new funding round. The Berlin-based company, which has transformed from an online solar panel marketplace into a comprehensive green energy solutions provider, announced record sales for the first months of 2025.

Despite challenging market conditions affecting the entire renewable energy sector, Enpal is targeting revenues of over €1 billion this year. The company reported that the first two months of 2025 already delivered record turnover with positive profits.

Previous investors including TPG and SoftBank participated in the latest funding round, alongside a new investor whose identity remains undisclosed. While Enpal was valued at €2.3 billion during its last financing round in December 2023, industry sources suggest the current valuation has slightly decreased to €2.2 billion.

Founder Mario Kohle explained to Handelsblatt that the company's strategic shift has been instrumental in weathering industry headwinds. "It's no longer just about solar panels as an investment through feed-in tariffs, but about self-consumption of energy and networking systems," said Kohle.

Enpal has built a comprehensive ecosystem comprising solar installations, battery storage, electric vehicle charging stations, heat pumps, and their energy trading platform Enpal.One+. As a leading provider of solar systems and heat pumps, the company has already integrated over 260,000 decentralized energy resources into its network.

While competitors in the solar industry have faced bankruptcies and layoffs, Enpal has expanded its field service team and now offers its complete solutions to installers, which Kohle credits for their growth contrary to industry trends. The company's financing model, offering green energy systems with 20-year payment terms, has also contributed to their positive results.