German renewables firm Enpal hits $2.4bn valuation with new funding round

German photovoltaics leasing firm Enpal said on Monday it was close to securing 215 million euros ($230 million) in equity, as it seeks to expand its business and meet increasing demand for residential solar power in light of rising energy prices.

The new financing round of the company, which rents out photovoltaics systems, including their technical support and maintenance services, brings the valuation of the Berlin-based firm to around 2.2 billion euros ($2.35 billion), a spokesperson for Enpal said.

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