DWF has advised energy solutions provider MEP Werke GmbH (“MEP Group”) in securing German-Dutch Bank NIBC for the financing of its new rental model for solar panels. The innovative business model, which is the first of its kind in Europe and the first structured financing solution concentrating on tenant relations in the German market, will enable homeowners to rent solar models instead of buying them, a decision that reflects a growing interest across Germany in supporting energy-saving solutions.
The transaction will allow Munich-based MEP Group to continue developing affordable and accessible home energy solutions for customers. The energy specialist is a full-service provider in the field of photovoltaics, with experience in the construction of large power plants and a particular focus on providing solar panels to private households. The company offers customised planning, financing, installation, insurance and maintenance of energy systems, with a view to helping customers reduce their overall energy costs and optimise their households through energy and water-efficient solutions.
Dr. Mathias Reif, Boris Kröpsky and Dr. Falko Grauer from DWF’s Cologne and Munich offices led on the deal with support from Oliver Bolthausen.
Konstantin Strasser, CEO of MEP Group, commented on the deal: “On the basis of this innovative financing solution we will be able to further expand our services and continue developing our rental model for solar panels. We recognise this as increasingly important for our customers, and this transaction will ensure that solar panels will be available for a greater number of German households and that self-produced solar power will be an increasingly affordable solution. A big thank you goes to my team at MEP Group, especially Ulrich Bogner and of course the team from DWF.”