ISIN:DE0006095003

EQS-News: ENCAVIS expands its solar portfolio in Spain with a 28 megawatts solar park in Castile and León to 583 megawatts

Retrieved on: 
Tuesday, September 5, 2023
Partnership, SDP, Gesellschaft mit beschränkter Haftung, Wind, Acquisition, Kilowatt-hour, Deutsch, Renewable energy, Power purchase agreement, CIO, PPA, MDAX

Hamburg, 5 September 2023 – Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) has purchased a 28 megawatts (MW) solar park in Spain from ILOS Projects GmbH.

Key Points: 
  • Hamburg, 5 September 2023 – Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) has purchased a 28 megawatts (MW) solar park in Spain from ILOS Projects GmbH.
  • Once completed, the park will generate more than 50 gigawatt hours (GWh) of Renewable Energy per year.
  • With the expansion of Spanish generation capacity in the Valladolid region (Castile and León) in the Northwest of Spain, Encavis will be able to provide green electricity to large industrial customers in Spain.
  • “In November 2022, we acquired a 55 MW solar park in Guillena, Andalusia, and with this project we are now expanding our solar portfolio in Spain as planned,” says Mario Schirru, CIO/COO of Encavis AG, welcoming the acquisition.

EQS-News: ENCAVIS AG secures EUR 180 million non-recourse debt bridge facilities on project level to support its Accelerated Growth Strategy 2027

Retrieved on: 
Monday, September 4, 2023
Financial Oversight and Management Board for Puerto Rico, Letter, RTB, AMRO Bank, Line of credit, ABN, DKK, Professional, Deutsch, NL, CFO, MDAX, Financial services, Bank, EUR

Hamburg, 4 September 2023 – Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) has successfully closed a EUR 180 million non-recourse revolving debt bridge financing facility with ABN AMRO Bank N.V. (NL) and COÖPERATIEVE RABOBANK U.A.

Key Points: 
  • Hamburg, 4 September 2023 – Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) has successfully closed a EUR 180 million non-recourse revolving debt bridge financing facility with ABN AMRO Bank N.V. (NL) and COÖPERATIEVE RABOBANK U.A.
  • (NL) for solar PV projects in four of Encavis’ core markets, namely Denmark, Germany, Italy and Spain.
  • The non-recourse debt bridge financing facility will allow Encavis Bridge Financing GmbH, a fully owned subsidiary of Encavis AG, to finance ready-to-build (RTB) solar projects acquired from Encavis’ Strategic Development Partners (SDPs) as well as operating projects acquired in the four mentioned countries.
  • The debt bridge financing facility includes a EUR 150 million Revolving Debt Bridge Facility, as well as a EUR 20 million Letter of Credit Facility and a EUR 10 million VAT Facility, which can be utilised in EUR and DKK.

EQS-News: ENCAVIS and Innovar Solar sign framework agreement for solar projects with a total volume of 160 megawatts

Retrieved on: 
Thursday, August 31, 2023
FIT, Electricity, Renewable energy law, EEG, Deutsch, Power purchase agreement, Growth, CIO, PPA, MDAX, Renewable energy

The framework agreement for an exclusive solar power pipeline comprises a total of nine project sites in Germany with a volume of 160 megawatts (MW) of generation capacity.

Key Points: 
  • The framework agreement for an exclusive solar power pipeline comprises a total of nine project sites in Germany with a volume of 160 megawatts (MW) of generation capacity.
  • Eight projects are located close to motorways and railways or in other areas privileged by construction law for use for open-plan PV systems.
  • One of the nine projects sells the electricity through a long-term pay-as-produced Power Purchase Agreement (PPA).
  • Mario Schirru, CIO/COO of Encavis AG, welcomes the signing of the framework agreement and says: “The number of interesting projects in the market is increasing significantly again.

EQS-News: ENCAVIS AG acquires its first battery project to optimise the marketing of electricity from German wind and solar parks

Retrieved on: 
Wednesday, August 30, 2023
Wind, Deutsch, ECV, Electricity, CIO, RTB, Erongo Battery Energy Storage System, Primary energy, BESS, MDAX, Electric battery

Hamburg, 30 August 2023 – Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) acquires a ready-to-build (RTB) battery project (12 megawatts respectively 24 megawatt hours).

Key Points: 
  • Hamburg, 30 August 2023 – Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) acquires a ready-to-build (RTB) battery project (12 megawatts respectively 24 megawatt hours).
  • The Battery Energy Storage System (BESS) in Hettstedt (Saxony-Anhalt) is based on lithium-ion technology and is scheduled to be connected to the grid in the first half of 2024.
  • This mechanism optimises the capture rate of the existing wind and solar park portfolio.
  • Regardless of location, the battery can store amounts of electricity from all Encavis Group parks in Germany and discharge them at another time.

EQS-News: ENCAVIS AG demonstrates the resilience of its business model in turbulent times with stable revenue and stable earnings per share

Retrieved on: 
Tuesday, August 22, 2023
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The Asset Management Segment increased revenue by more than 12% in the first half of 2023 to EUR 7.5 million (previous year: EUR 6.7 million).

Key Points: 
  • The Asset Management Segment increased revenue by more than 12% in the first half of 2023 to EUR 7.5 million (previous year: EUR 6.7 million).
  • “Our business model has once again proven its resilience even in these turbulent and difficult to plan times.
  • We owe stable revenue and equally stable earnings per share to our consistent growth path without losing focus on future returns.
  • Operating earnings per share*) are expected to exceed EUR 0.60 and thus slightly exceed the previous year's figure (2022: EUR 0.60).

EQS-News: ENCAVIS AG and Allego enlarge their 10-year PPA in Germany to supply Electric Vehicle drivers with 100% Renewable Energy

Retrieved on: 
Tuesday, August 8, 2023
EV, Electricity, Electric vehicle, Primary energy, Kilowatt-hour, Deutsch, Vehicle registration plates of Nepal, Renewable energy, Power purchase agreement, CIO, Heat, Transport, PPA, NYSE, MDAX, Borrentin

With 100% Renewable Energy from Encavis’ solar parks in Groß Behnitz (25 MW/Brandenburg) and now also in Borrentin (105 MW/Mecklenburg-Western Pomerania), making it Allego’s most extensive clean energy agreement to date.

Key Points: 
  • With 100% Renewable Energy from Encavis’ solar parks in Groß Behnitz (25 MW/Brandenburg) and now also in Borrentin (105 MW/Mecklenburg-Western Pomerania), making it Allego’s most extensive clean energy agreement to date.
  • The two solar parks will supply Allego’s charging network with more than 100 GWh of Renewable Electricity and the associated certificates of origin.
  • "In order to successfully shape the energy transition, it is essential to work with companies that have serious commitments to Renewable Energy, like Allego.
  • This PPA represents Encavis' and Allego’s shared commitment to sustainable innovation and accelerating the electrification of transportation in Germany.