DGAP-News: Encavis Asset Management AG acquires solar park in Spain with a total capacity of 56.3 megawatts for EIF II special fund
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Encavis Asset Management AG (Encavis AM), subsidiary of SDAX-listed wind and solar park operator Encavis AG (Prime Standard, ISIN: DE0006095003, ticker symbol: ECV) makes first investment in Spain with acquisition of the solar park Archidona in the province of Mlaga (Andalusia).
DGAP-News: Encavis Asset Management AG / Key word(s): Acquisition/Expansion Encavis Asset Management AG acquires solar park in Spain with a total capacity of 56.3 megawatts for EIF II special fund 12.01.2022 / 07:00 The issuer is solely responsible for the content of this announcement. / Corporate News
The acquisition will be incorporated into the Encavis Infrastructure Fund II (EIF II) special fund, which is marketed exclusively by Bayern LB. The fund is aimed at banks and lenders - predominantly savings banks and cooperative banks - which attach great importance to stable cash flows from their investments and bank-specific reporting KPIs. "We have been advising our fund investors on the acquisition of numerous wind and solar parks in the past few months," said Karsten Mieth, Spokesman of the Management Board of Encavis Asset Management AG. "This investment marks our first foray into the Spanish renewables market, which is one of the fastest growing in Europe. Our special fund has expanded and diversified its portfolio with the addition of another attractive region."
Encavis Asset Management AG offers institutional investors tailor-made portfolios and fund solutions for investments in the growth market of renewable energies. The Company has been successfully investing in this sector since 2006, covering the entire value chain from asset sourcing to the operational management of investments. Encavis Asset Management AG is a wholly owned subsidiary of SDAX-listed Encavis AG (ISIN: DE0006095003, Prime Standard, Ticker symbol: ECV) and, as part of the Encavis Group, benefits from their many years of experience and a broad industry network. Encavis AG is one of the leading independent power producers (IPPs) in the field of Renewable Energies in Europe. The Company acquires and operates solar power plants and (onshore) wind farms in Germany and nine other European countries. The Encavis Group's total generation capacity currently accounts to more than 3.0 gigawatts (GW), which corresponds to a total saving of around 1.31 million tonnes of CO2 per year. Encavis AG is a signatory of both UN Global Compact and UN PRI network and the environmental, social and governance performance has been awarded by two of the world's leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with "AA" and ISS ESG with their "Prime" label. Please visit our website www.encavis-am.com for additional information.
Contact: Encavis AG
12.01.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
1267540 12.01.2022