Thermondo's Innovative Green Financing Secured with Hogan Lovells' Expertise
Deal News | Aug 21, 2025 | Hogan Lovells
Hogan Lovells has successfully advised Thermondo, a leading energy transition business in Germany, on its pioneering securitization to refinance solar and heat pump receivables. The refinancing, implemented through the issuance of structured notes to a single investor, aims to accelerate Thermondo's rollout of affordable and climate-friendly energy solutions across Germany. Founded in 2012, Thermondo has installed over 50,000 systems and developed the country's second-largest residential customer base for environmentally friendly energy systems. Hogan Lovells provided comprehensive legal support in various areas, including securitization structure, transaction documentation, and regulatory requirements. The collaboration underscores Hogan Lovells' robust track record in renewables securitization. Thermondo's VP of Strategic Finance, Jason Goldstein, and Hogan Lovells' Partner, Dr. Dietmar Helms, emphasized the significance of the partnership in fostering the energy transition through embedded financing. The Hogan Lovells team involved in this transaction spans across several international offices, highlighting the firm's extensive expertise in capital markets and tax.
Sectors
- Renewable Energy
- Legal Services
- Financial Services
Geography
- Germany – Thermondo is based in Germany and their business operations and customer base are predominantly in this region.
- Luxembourg – Part of the legal advisory team from Hogan Lovells is based in Luxembourg.
- France – Part of the Hogan Lovells team involved in the transaction is located in Paris, France.
Industry
- Renewable Energy – Thermondo operates in the renewable energy sector, focusing on solar and heat pump installations for residential properties in Germany.
- Legal Services – Hogan Lovells provided legal advisory services for the securitization transaction.
- Financial Services – The article discusses financial refinancing through securitization, which is a financial service.
Financials
- Not specified – The amount or financial terms of the securitization transaction were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thermondo | Target Company | Company | A German energy transition business specializing in the installation and financing of environmentally friendly heating and energy systems. |
| Hogan Lovells | Legal Advisor | Company | A global law firm providing comprehensive legal advice to Thermondo for the securitization transaction. |
| Jason Goldstein | VP Strategic Finance at Thermondo | Person | He represents Thermondo in the collaboration with Hogan Lovells for the refinancing initiative. |
| Dr. Dietmar Helms | Partner at Hogan Lovells | Person | He played a key role in advising Thermondo on the securitization transaction. |