Project Finance

To finance our growth, we established long-term partnerships with leading international project finance banks.

With outstanding debt totalling € 1.14 billion on 31 December 2023, nonrecourse project financing accounts for most of the Encavis Group’s borrowed capital.

On 1 July 2019, Encavis established a Project Finance team. The members of this team were recruited from leading investment banks and thus have extensive experience in the field of project financing. Encavis AG’s Project Finance team focuses on creating stand-alone structures to finance projects. In doing so, they ensure the banks’ requirements for profits and risk are reflected adequately and in line with market conditions in the project financing. Working together with external professionals who conduct comprehensive due diligence on their behalf, the team presents the creditor bank with the entire due diligence package (including a Reliance letter) and drafts a tailored loan agreement.

Selected project financing

encavis

Talayuela & La Cabrera Refinancing

March 2024
  • 500 MWp
  • Spain
  • PV
  • EUR 203.000.000

ENCAVIS

Debt Bridge Financing

August 2023
  • Denmark/ Germany/ Italy/ Spain
  • EUR 180.000.000

ENCAVIS

Project Sunflower

December 2022
  • 31,3 MWp
  • Netherlands
  • PV
  • EUR 23.000.000

encavis

Project Odin

October 2022
  • 105 MWp
  • Netherlands
  • PV
  • EUR 32.000.000

encavis

Project Willem

July 2022
  • 74 MWp
  • Netherlands
  • PV
  • EUR 48.000.000

encavis

Project Apollo

September 2021
  • 41,7 MWp
  • Italy
  • PV
  • EUR 88.000.000

encavis

Project Onyx

July 2021
  • 81,3 MW
  • Denmark
  • Wind onshore
  • DKK 410.000.000

Bayerische Landesbank Bayern LB

Wir sind sehr stolz als langjähriger Bankpartner die Encavis AG bei ihrem erfolgreichen und dynamischen Wachstum im In- und Ausland zu begleiten. Eine exzellente Zusammenarbeit und gegenseitiges Vertrauen bilden das wesentliche Fundament unserer Partnerschaft - getrieben von dem gemeinsamen Ziel die nachhaltige Energieerzeugung in Europa voranzutreiben.

Karin Schramm

Sector Head Renewable Energy

Coöperatieve Rabobank U.A.

Over the last 10 years, Rabobank and Encavis have successfully cooperated on several project financings across various jurisdictions including Spain, the Netherlands and Denmark. We hope to continue this relationship for many years to come and value the Encavis team for their deep knowledge of the different renewable energy markets and highly professional and pragmatic way of working, which makes them an absolute pleasure to work with.

Marc Schmitz

Head of PF renewables Europe (Managing Director)

Société Générale

Société Générale is proud to support Encavis AG, a reputable and well-known sponsor, very active in the renewable energy space. The energy transition is a core pillar of Société Générale's strategy and the bank will continue to provide innovative and responsible solutions that have a positive impact.

SOCIÉTÉ GÉNÉRALE

Get in Touch

Do you have any questions?

We'll be happy to answer them.

Kai Koplin

Head of Project Finance