The Munich-based developer behind Germany’s largest agri-PV facility plans to build 100 MW across the next 18 months. The new debt line is the working-capital plumbing that turns a 250 MW pipeline into deliverable projects.
Munich-based agri-PV developer Feldwerke has secured a €12m revolving credit facility to underwrite the construction of a 100 MW portfolio of agricultural-photovoltaic projects over the next 18 months.
The facility is debt rather than equity, which makes it the working-capital plumbing the company needs to convert its approved or in-approval project pipeline into deliverable, grid-connected capacity at pace.
The company is a category specialist. Agri-PV is the German shorthand for agrivoltaics, the dual-use approach that places elevated solar arrays above crops or grazing land so that the same hectare produces both electricity and agricultural output.
The technology has been moving from policy-supported demonstrator stage to commercial-scale deployment across Europe over the past three years, with Germany the most developed national market on the back of the country’s EEG (Erneuerbare-Energien-Gesetz) tariff framework and the bilateral support of the federal Ministry for Economic Affairs and Climate Action.
