ENVIRIA, a Frankfurt-based provider of decentralized energy solutions for commercial and industrial sectors, has announced securing over $200M (approximately €185M) in equity investment from BlackRock. The investment, made through BlackRock’s Global Renewable Power IV (GRP IV) fund, aims to support the expansion of ENVIRIA’s existing portfolio of 500 solar projects across Germany, furthering the company’s growth strategy.
Founded in 2017 by Melchior Schulze Brock, ENVIRIA simplifies access to scalable energy-as-a-service solutions and the renewable energy ecosystem for companies. The startup manages the financing, planning, installation, and operation of solar systems, along with integrating charging stations and energy storage solutions. The german firm also leases company rooftop areas for solar system operation and green electricity marketing.
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ackling Germany’s Solar Potential
With German companies consuming around 70% of the national electricity usage and only about 10% of suitable company roofs equipped with solar systems, ENVIRIA identifies a significant untapped potential for renewable energy capacity. The company aims to address this gap by expanding its portfolio of commercial and industrial solar projects.
Aiming for a Sustainable Future
To date, the energy solution provider has built a portfolio of 500 solar projects across Germany and has 2,000 projects in the pipeline, totaling more than 2.3GW. The company plans to realize 1.7GW by 2029, contributing to a successful energy transition. Melchior Schulze Brock, CEO of ENVIRIA, emphasized BlackRock’s role in supporting the company’s growth and realizing the full potential of the commercial and industrial sector across Germany.
BlackRock’s Commitment to Renewable Infrastructure
BlackRock’s investment in ENVIRIA aligns with its track record of investing in infrastructure assets that support the energy transition. Keith Mangan, Head of EMEA for Climate Infrastructure at BlackRock, highlighted ENVIRIA’s unique value proposition as a full-chain PV provider, making it an attractive investment for clients. Dirk Schmitz, Country Head of BlackRock in Germany, Austria, and Eastern Europe, also noted the importance of significant investment in renewable power infrastructure for Germany’s shift to a low-carbon economy.
With this substantial investment, the company is set to further its mission of making solar energy radically easy for companies, contributing to the reduction of dependence on fossil fuels and supporting Germany’s energy transition.
