Enviria
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German renewables firm Enviria secures $200 mln Blackrock capital commitment
German commercial and industrial solar startup Enviria said it had secured a capital commitment of over $200 million from the world’s biggest asset manager, BlackRock (BLK.N), opens new tab, as the company seeks to expand its projects in Germany.
Founded in 2017, the Frankfurt-based firm offers photovoltaic systems for companies interested in switching to solar power, including financing, planning, installation, storage and operation solutions. With companies comprising around 70% of Germany’s national electricity usage, and only 10% of firms equipped with solar systems on their roofs, Enviria is betting on several hundred gigawatts of untapped renewable energy capacity.