Thermondo Advances Energy Transition with Securitisation Deal
Deal News | Aug 21, 2025 | Hogan Lovells
Thermondo, a leading company in Germany's energy transition sector specializing in environmentally friendly heating and energy solutions, has completed its first securitisation for the refinancing of solar and heat pump receivables. This was achieved through the issuance of structured notes to a sole investor, enabling Thermondo to expand its provision of affordable, climate-friendly energy solutions for homeowners across Germany. The transaction was advised by the international law firm Hogan Lovells, known for its expertise in the renewables securitisation practice. The refinancing marks a significant stride in Thermondo's journey, providing favorable capital market conditions that benefit its customers. Thermondo's strategic finance VP, Jason Goldstein, emphasized the strength of their partnership with Hogan Lovells in achieving innovative financial solutions.
Sectors
- Renewable Energy
- Financial Services
- Legal Services
Geography
- Germany – Thermondo is based in Berlin, Germany, and focuses on providing energy solutions within the country.
- Europe – Hogan Lovells has teams across several European locations, including Frankfurt, Paris, Dusseldorf, and Luxembourg, which were involved in this transaction.
Industry
- Renewable Energy – Thermondo specializes in the installation and financing of environmentally friendly energy systems such as heat pumps and solar solutions.
- Financial Services – The securitisation of solar and heat pump receivables involves structured finance solutions, a key area within financial services.
- Legal Services – Hogan Lovells provided the legal advisory services crucial for structuring the transaction and meeting regulatory needs.
Financials
- Not specified – The financial details of the securitisation transaction were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thermondo | Target Company | Company | A German company specializing in environmentally friendly heating and energy systems. |
| Hogan Lovells | Legal Advisor | Company | An international law firm advising on the securitisation transaction for Thermondo. |
| Jason Goldstein | VP Strategic Finance | Person | Vice President of Strategic Finance at Thermondo. |
| Dr. Dietmar Helms | Partner at Hogan Lovells | Person | Partner at Hogan Lovells who commented on the transaction. |