Feldwerke secured a €12 million revolving credit facility from a French debt fund specialising in renewable energy. The Munich-based startup will use the capital to finance the construction of its 100 MW agri-photovoltaics (Agri-PV) portfolio over the next 18 months. As a revolving facility, the credit line replenishes as completed projects are connected to the grid or transitioned to long-term financing, allowing for simultaneous development across multiple sites.
The company develops and installs open-field systems that combine solar power generation with active farming. By mounting solar modules on single-axis tracking structures, the systems follow the sun to maximise energy yield during morning and evening hours. Crucially, the height and spacing of the trackers ensure the land remains viable for grazing or growing grain, addressing the tension between energy production and land use.
Founded in 2023 by Nils Kuchenbuch, Nicolai Reiners, and Marco Mielenz, Feldwerke has already installed over 20 MW of capacity. This includes a major installation in Oberndorf am Lech, cited as the largest of its kind in southern Germany. The company currently manages a pipeline of approximately 50 projects totalling 400 MW, with a long-term target of 1 GW of installed capacity by 2030.
The shift towards dual-use land models reflects a maturing European infrastructure market where investors are prioritising projects that bypass traditional planning bottlenecks associated with land conversion. This debt round signals increasing institutional appetite for Agrivoltaics as a scalable alternative to conventional solar farms.
Originally reported by EU-Startups Daily.