ENCAVIS AG acquires a ready-to-build 26 MWp solar park in Hockliffe for the strategic expansion of the PPA solar park portfolio in the UK

DGAP-News: ENCAVIS AG / Key word(s): Expansion/Acquisition
ENCAVIS AG acquires a ready-to-build 26 MWp solar park in Hockliffe for the strategic expansion of the PPA solar park portfolio in the UK
23.08.2022 / 07:00
The issuer is solely responsible for the content of this announcement.

2022/08/23 Corporate News

ENCAVIS acquires a ready-to-build 26 MWp solar park in Hockliffe for the strategic expansion of the PPA solar park portfolio in the UK 

Hamburg, August 23, 2022 – The Hamburg-based wind and solar park operator Encavis AG (Prime Standard; ISIN: DE0006095003, stock symbol: ECV), which is listed on the MDAX of Deutsche Börse AG, is acquiring from Industria Brand Energy Limited all shares and rights in the Chiltern Renewables Hockliffe Limited solar park, which is ready for construction and will have a generation capacity of 26 MWp.

The solar park in Hockliffe (around 40 miles from London) will be connected to the grid in the first half of 2023.

"We will start construction of the solar park in Hockliffe as soon as possible and sign an attractive Power Purchase Agreement (PPA) once we have acquired a larger portfolio of additional solar parks in the UK," says Mario Schirru, Chief Investment Officer of Encavis AG. "Until then, we will market the electricity generated in the short term. This means that this project in Hockliffe is initially one of the 5% of sales that have not yet been priced," Schirru continued.


About ENCAVIS:
Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from Renewable Energies listed on the MDAX of Deutsche Börse AG. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates solar parks and (onshore) wind farms in eleven 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 around 3.3 gigawatts (GW), which corresponds to a total saving of more than 1.4 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 "A" and ISS ESG with their "Prime" label.

Additional information can be found on www.encavis.com


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

www.encavis.com
Twitter: twitter.com/encavis

 



23.08.2022 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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Language:English
Company:ENCAVIS AG
Große Elbstraße 59
22767 Hamburg
Germany
Phone:+49 4037 85 62 -0
Fax:+49 4037 85 62 -129
E-mail:info@encavis.com
Internet:www.encavis.com
ISIN:DE0006095003
WKN:609500
Indices:MDAX
Listed:Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:1425579


 
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