“It is a distinctly visible act of faith from the financial world which cannot be valued highly enough against the backdrop of the problems of many other companies, especially in the solar sector,” says Sascha Röber, Juwi’s head of corporate finance.

Among the 13 banks in the consortium are Deutsche Bank, DZ Bank, Unicredit, and German development bank KfW.

Privately-held Juwi doesn’t provide full financial figures, but says it had a turnover of about €1.1bn