EQS-News: ENCAVIS AG / Key word(s): Expansion/Acquisition
ENCAVIS acquires a ready-to-build 55 MW solar park in Spain
The solar park development is located in Guillena (Andalucia), a city close to Seville, and will – once built – provide enough electricity to power around 28,300 homes per year. The project has land and grid connection secured already and Encavis aims to commence building shortly. Hive’s Group company, Ethical Power, is in place to construct the park for Encavis. The project was developed by Hive and the company will remain involved in the project until completion.
“With this acquisition we will not only add further production capacity to our European Renewable Energy portfolio in line with our ‘>> Fast Forward 2025’ goals, but also further strengthen our already significant business in Spain by teaming up with Hive Energy and its strong presence in the Spanish market”, explains Mario Schirru, Chief Investment Officer/Chief Operating Officer (CIO/COO) of Encavis AG. “The next step will be to acquire additional solar parks in Spain to sign an attractive joint Power Purchase Agreement (PPA)", he adds.
Giles Redpath, CEO of Hive Energy, also welcomes the cooperation: “This is the first deal Hive has completed with Encavis and we are extremely happy with the ease of the process and to be working with another likeminded company. The Spanish team is doing a fantastic job with developing and progressing their projects. This is our fourth project completion in the country this year alone and Spain is one of our leading countries for Renewable Energy development.”
Additional information can be found on www.encavis.com
About Hive Energy:
The Hive Energy Group is recognised internationally as a trusted partner in the development, construction, and operation of large-scale Renewable Energy projects. Hive is known for its innovative approach and market leading vision across both Renewable Energy and circular economy industries. Hive has established some of the world’s leading solar projects, including the UK's largest solar park, an upcoming Green Hydrogen plant in Spain, and plans for the world's largest Green Ammonia plant. Hive Carbon has also established its patented technologies in Biochar Activated Carbon and Industrial Biomass Waste conversion.
Hive is currently developing over 26,000 MW of Renewable Energy projects. To date, Hive’s projects have generated over GBP 1.5 billion capital expenditure in Green Energy projects, saving 1,982,248 tonnes of CO2 each year.
Additional information can be found on www.hiveenergy.co.uk
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|EQS News ID:||1499805|
|End of News||EQS News Service|