The Solas Sustainable Energy Fund an ICAV advised by Solas Capital AG has entered into a €10 million non-recourse EV Charging Financing Agreement with Greenman Energy Operations GmbH & Co. KG. This agreement paves the way for the nationwide expansion of EV charging infrastructure for private clients — integrating chargers directly into real estate properties to raise their sustainability standards — and stands out as one of the biggest non-recourse project finance transactions in Germany’s EV charging sector.
The projects planned under this agreement are expected to deliver sustainable charging solutions that benefit both retailers and electric vehicle owners at grocery retail properties across Germany. The projects are planned to deploy a total of 132 electric vehicle charging stations across 26 sites.
Slawomir Huss, Partner of Solas Capital, shares: Our partnership with Greenman Energy demonstrates our commitment to financing innovative energy infrastructure that improves building efficiency. Together, we’re bringing sustainable EV charging and solar solutions to grocery-anchored properties, benefiting both owners and consumers.”
Sebastian Carneiro, CEO and Co-founder of Solas Capital, said: “This partnership with Greenman Energy delivers predictable cash flows and attractive risk-adjusted returns for our institutional investors while making a measurable impact on decarbonisation. By financing EV charging and solar installations at grocery-anchored real estate, we’re creating a diversified portfolio that combines stable long-term returns with enhanced energy security for Germany.”
Maximilian Bley, CEO and Founder Greenman Energy, said: “Working with Solas Capital gives us the momentum to scale faster and smarter. It’s a major step forward that unlocks long-term impact not just for our business, but for how energy is delivered where people shop, live and move.”
Find the full press release below.
Press Contact: media@solas.capital