First draw completed on schedule — Capital framework for our PV and BESS pipeline in Germany
We have secured a senior debt facility of 60 million euros for our photovoltaic and battery storage business in Germany. The financing is provided by LCM Partners, a leading European alternative investment manager based in London. The first drawndown under the agreed tranche structure has already been completed. The agreement marks the beginning of a financing partnership that will provide capital backing for our project development in the coming years.
What the agreement means
The facility is structured as senior debt and provides capital that complements our existing equity base. It is available for the realization and operation of photovoltaic systems and utility-scale battery energy storage systems (BESS) in the German market. The financing is provided under LCM Partners' Strategic Origination and Lending Opportunities Strategy (SOLO), which focuses on asset-backed lending with a clear emphasis on renewable energy.
With this agreement, we are creating the capital framework to implement our project development in the German market for large-scale battery storage and photovoltaics with the necessary speed. The focus is on the further expansion of a portfolio of grid-serving large-scale battery storage and photovoltaic systems.
What our customers gain from this
Industrial and commercial customers whom we support with Contracting models benefit from a capital base that secures long-term project and operating partnerships. At the same time, this structured financing reflects an internationally established investor’s confidence in our business model—and enables us to implement projects quickly without diluting our ownership structure.
Voices on the Agreement
“With LCM Partners, we have a capital provider by our side that understands our business model and the revenue logic of the German storage market in detail. The facility gives us the capital strength to implement our projects at the speed the market demands and with the quality our customers expect. For our industrial and commercial customers, this primarily means a partner with the economic substance to reliably operate storage and PV projects over the entire contract term.”
Björn Temp, COO, Cube Concepts
“The agreement with LCM Partners confirms the strategic course we have taken with Cube over the past few years. With this structure, we can offer our clients and project partners the exact reliability that the market demands today—and underpin our project development with the necessary financial substance.
Jochen Schäfer, CIO, Cube Concepts
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“Cube Concepts” project pipeline is compelling both in its technical execution and through an economic logic that aligns with our investment approach in the current market environment. We are pleased to finance a strategically positioned company in the German energy market with this facility—an investment that consistently fits into our SOLO strategy.”
Graeme Laing, Managing Director — Asset Finance, LCM Partners
About LCM Partners
LCM Partners is one of Europe's leading alternative investment managers, headquartered in London. The firm manages over 65 billion euros across more than 6,000 portfolios and has been investing in private credit since 1999. LCM Partners is a signatory to the UN Principles for Responsible Investment (UN PRI). For more information, visit www.lcmpartners.eu.
Frequently Asked Questions
What is a senior debt facility?
A senior debt facility is a senior secured debt financing arrangement that is repaid before other debts in the event of insolvency. It supplements a company’s equity base and enables the implementation of projects without diluting the ownership structure. In the case of Cube Concepts, the facility is available for the construction and operation of photovoltaic systems and large-scale battery storage facilities in Germany.
What are we using the 60 million euros for?
We use this capital to build and operate large-scale grid-connected battery storage systems and photovoltaic installations in the German market. Industrial and commercial customers, whom we support through Contracting models, benefit directly from the expanded capital base.
Who is LCM Partners?
LCM Partners is a leading European alternative investment manager based in London. The company manages over 65 billion euros across more than 6,000 portfolios and has been investing in private credit since 1999. LCM Partners is a signatory to the UN Principles for Responsible Investment.
What is the SOLO strategy?
SOLO stands for „Strategic Origination and Lending Opportunities Strategy”. It is LCM Partners' investment strategy in asset-backed lending, focusing on financings with a clear emphasis on renewable energy. The Cube Concepts facility fits into this strategy.
What is Contracting at Cube Concepts?
Under the Contracting model, we finance, build, and operate photovoltaic systems and large-scale battery storage facilities for our industrial and commercial customers—without requiring them to invest in their own facilities. Customers purchase electricity or flexibility services from the facilities we operate. The senior debt facility now agreed upon provides these contractual relationships with a stable, long-term capital base.
How can you contact us?
For press inquiries and further information, contact Géraldine Winter, Chief Marketing Officer, at geraldine.winter@cubeconcepts.de.