Aira secures €200m in debt commitments from BNP Paribas for first heat pump securitisation

Date: 05 June 2024
Aira secures €200m in debt commitments from BNP Paribas for first heat pump securitisation
Aira has successfully secured €200M in debt commitments from BNP Paribas, pioneering a new asset class for heat pump securitisation.
This debt commitment, secured in Aira’s inaugural year, will facilitate the installation of Aira Heat Pumps in thousands of homes across Germany.

Transforming residential heating will require substantial financial investments, not just to develop and install the technology, but also to make it accessible and affordable for everyone. The €200 million facility provided by BNP Paribas marks the beginning of Aira’s ambition to bridge this financial gap.

“This is a significant milestone as we endeavour to make heat pump technology accessible to every home through affordable monthly payment solutions. With substantial debt financing facilities from partners like BNP Paribas, we are set to remove one huge barrier to heat pump adoption and turbocharge our rollout across Europe. This securitisation with BNP Paribas marks the first step in Aira’s consumer financing journey and represents a major leap towards moving Europe off fossil fuel-based boilers,” said Martin Lewerth, Aira Group CEO.
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