Clearwater International advises enercity on the structuring of a syndicated RCF through a consortium of banks

Clearwater International has advised enercity Aktiengesellschaft (enercity) on the structuring and arrangement of a syndicated revolving credit facility through a consortium of banks.

The revolving credit facility, with a volume of €500m and a tenor of up to five years, paves the way for further investments in renewable energies and efficiency technologies, supporting enercity on its path of decarbonisation. enercity is planning significant investments in wind power, photovoltaics, electromobility, and the expansion of smart grids and the heating transition over the next few years. The planned investment volume is approximately €1bn per year until 2030.

Hanover-based enercity is a provider of sustainable and intelligent energy solutions. With a turnover of over €8bn and more than 3,000 employees, the group is one of the largest municipal energy service providers in Germany, as of the financial year 2022. The company supplies around one million people with electricity, heat, natural gas, and drinking water. In addition, enercity offers energy-related services covering electromobility, energy efficiency, decentralised customer solutions, telecommunications, and smart infrastructure. enercity's motivation is to improve the well-being of its customers.