ENCAVIS AG acquires solar park Groß Behnitz (25 MWp) of the project pipeline of its strategic development partner Sunovis

DGAP-News: ENCAVIS AG / Key word(s): Acquisition/Expansion
21.10.2021 / 07:00
The issuer is solely responsible for the content of this announcement.

Corporate News

ENCAVIS acquires solar park Groß Behnitz (25 MWp) of the project pipeline of its strategic development partner Sunovis

Hamburg, October 21, 2021 - The SDAX-listed wind and solar park operator Encavis AG (Prime Standard, ISIN: DE0006095003, ticker symbol: ECV) acquires the solar park Groß Behnitz (Brandenburg), nearby Berlin, with a generation capacity of 25 megawatts (MWp) as part of the strategic development partnership with Sunovis GmbH. Ultramodern bifacial solar modules will deliver subsidy-free Renewable Energy next year (2022) to industrial customers directly via long-term power purchase agreements (PPA) of 10 years from this solar park, that is already under construction.

"With the PV park Groß Behnitz we realise the first project of our more than 200 MW+ strategic development pipeline of PPA solar power plant projects with Sunovis", welcomes Dr Dierk Paskert, CEO of Encavis AG, the start of the ongoing cooperation. Sunovis acts in Groß Behnitz as developer, EPC partner in the current construction phase and is responsible for the operational and maintenance (O&M) services.

"We are very happy to realise our ambitious goals regarding the development and construction of PPA projects in Germany with the project Groß Behnitz. Thanks to the trustful and target-oriented cooperation with the Encavis AG we were able to achieve this important milestone in our own corporate development" added Markus Renz, CFO of Sunovis GmbH.

Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from renewable energies listed on the SDAX of Deutsche Börse AG. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates solar parks and (onshore) wind farms in ten European countries. The plants for sustainable energy production generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). The Encavis Group's total generation capacity currently adds up to 3.0 gigawatts (GW), which corresponds to a total saving of 1.31 million tonnes of CO2 per year. Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors.

Encavis is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG's 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.

Additional information can be found on www.encavis.com

About Sunovis:
Sunovis GmbH based in Singen (Baden-Württemberg) is a project developer and general contractor for turnkey photovoltaic power plants throughout Europe. Based on its complete service concept from a single source as well as its comprehensive know-how, beginning with the acquisition of the ground up to the turnkey plant, Sunovis guarantees the sustainable exploitation of Green Energy with reliable returns. An experienced team of specialists and a large network of international partners enable a fast reaction time for dynamic developments in the PV market.

Additional information can be found on www.sunovis.de

Encavis AG
Jörg Peters
Head of Corporate Communications & IR
Tel.: + 49 (0)40 37 85 62 242
E-Mail: joerg.peters@encavis.com

Twitter: twitter.com/encavis

Sunovis GmbH

Markus Renz (CFO)
Hegau Tower / Maggistr. 5
D-78224 Singen
Tel.: +49 (0)7731 93 98 12 10
E-Mail: m.renz@sunovis.de

21.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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EQS News ID:1242356

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