Encavis Asset Management AG acquires a solar park in Spain with a total capacity of 56.3 megawatts for the EIF II special fund

DGAP-News: Encavis Asset Management AG / Keyword(s): Acquisition/Extension

Encavis Asset Management AG acquires a solar park in Spain with a total capacity of 56.3 megawatts for the EIF II special fund

12.01.2022 / 07:00
The issuer is solely responsible for the content of this announcement.

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Company News

Encavis Asset Management acquires a solar park in Spain with a total capacity of 56.3 megawatts for the EIF II special fund

Neubiberg/Munich, January 12, 2022. Encavis Asset Management AG (Encavis AM), a subsidiary of SDAX-listed wind and solar farm operator Encavis AG (Prime Standard, ISIN: DE0006095003, stock symbol: ECV) is making its first investment in Spain with the acquisition of the Archidona solar park in the province of Málaga (Andalusia).

The ground-mounted photovoltaic system will supply 40,400 homes with green electricity and save 25,600 tonnes of harmful CO2 per year. For the first time in Encavis’ asset management, the sale of the energy produced by the facility has been secured through a long-term power purchase agreement (PPA). The solar park is currently under construction and is expected to come online in March 2022. It was developed and built by global renewable energy company BayWa re

The acquisition will be integrated into the special fund Encavis Infrastructure Fund II (EIF II), marketed exclusively by Bayern LB. The fund is aimed at banks and lenders – mainly savings banks and cooperative banks – who place great importance on stable cash flows from their investments and bank-specific reporting KPIs.

“In recent months, we have advised our investors on the acquisition of numerous wind and solar farms,” said Karsten Mieth, spokesperson for the board of directors of Encavis Asset Management AG. “This investment marks our first foray into the Spanish renewable energy market, which is one of the most dynamic in Europe. Our special fund has expanded and diversified its portfolio with the addition of another attractive region.

Matthias Taft, CEO of BayWa re, comments: “We are delighted to realize our fifth solar park in Spain and to be able to continue our successful partnership with Encavis Asset Management AG. With the PPA already in place with AB InBev, the world’s leading brewer, to power its European breweries with renewable electricity and take a significant step towards its sustainability goals, this is a landmark project for all parties. concerned”.

About Encavis Asset Management AG:

Encavis Asset Management AG offers institutional investors tailor-made portfolios and fund solutions for investments in the growing renewable energy market. The Company has been successfully investing in this sector since 2006, covering the entire value chain from asset sourcing to operational investment management.

Encavis Asset Management AG is a wholly owned subsidiary of Encavis AG, listed on the SDAX (ISIN: DE0006095003, Prime Standard, Ticker Symbol: ECV) and, as part of the Encavis Group, benefits from their many years of experience and of a vast industrial network.

Encavis AG is one of the leading independent power producers (IPP) in the field of renewable energies in Europe. The Company acquires and operates solar power plants and wind farms (onshore) in Germany and nine other European countries. The total production capacity of the Encavis Group currently represents more than 3.0 gigawatts (GW), which corresponds to a total saving of approximately 1.31 million tonnes of CO2 per year.

Encavis AG is a signatory to the UN Global Compact and UN PRI network and its environmental, social and governance performance has been recognized by two of the world’s leading ESG rating agencies. MSCI ESG Ratings rewarded the company’s ESG performance with “AA” and ISS ESG with its “Prime” label.

Please visit our website www.encavis-am.com for more information.

Contact:

Encavis S.A.
Tanja Van den Wouwer
Head of Sustainable Development and Communications
Telephone +49 89 44230 6025
tanja.van_den_wouwer@encavis.com

12.01.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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