Berlin, Germany – Zolar, a leading German digital platform for home solar solutions, has secured €100 million in funding from BNP Paribas, a global financial institution. This partnership coincides with the launch of zolar Easypay, a new financing solution for residential solar customers.
zolar Easypay is a groundbreaking and flexible installment loan designed to make solar systems and related energy management products more accessible to German households. This offering expands zolar’s product portfolio and aligns with their mission of promoting solar energy adoption by providing homeowners with a choice between a one-time upfront payment or a convenient monthly payment plan.
“This new offering represents a significant step forward for zolar and our customers,” said Jamie Heywood, CEO at zolar. “The demand for innovative financing solutions is growing alongside the maturing residential solar market. We’re excited to be at the forefront of this transformation with zolar Easypay, providing exceptional value to our customers.”
Manish Chandra, Head of ABS Markets and Financing at BNP Paribas, expressed his support for zolar’s mission: “We are proud to partner with zolar in their mission to make renewable energy accessible to everyone. BNP Paribas is committed to financing the green transition, and we’re thrilled to contribute our expertise in developing this new asset class in Europe.”
This transaction highlights the evolving European market and the increasing interest from financial institutions in the green and sustainable transition sector. Since its founding in 2016, zolar has raised nearly €300 million to support its mission.
Through their user-friendly online platform, zolar connects homeowners and regional tradespeople to find customized solar solutions. Their goal is to empower individuals to benefit from affordable, self-generated clean energy while contributing to climate protection. By 2030, zolar aims to supply renewable energy to over ten million households across Europe.
