EnTerra Solar Holding GmbH is the Group's dedicated renewable energy subsidiary, managing a portfolio of photovoltaic installations across Germany. Established in parallel with the real estate investment platform, the solar business reflects EnTerra's conviction that a fully integrated ESG approach requires not only the decarbonisation of existing assets but an active contribution to clean energy production.

The solar portfolio delivers stable, long-term cash flows anchored by German feed-in tariff agreements under the Erneuerbare-Energien-Gesetz (EEG), with senior debt service coverage ratios consistently above 1.20x. The capital structure combines senior bank debt with subordinated financing, producing attractive equity returns from assets with predictable revenue profiles and 20-year investment horizons.

The solar investment activity complements the Group's real estate strategy by providing a source of uncorrelated income and reinforcing EnTerra's credentials as a sustainable investor — directly relevant to the SFDR Article 8+ classification of the Group's flagship fund strategies.