ENCAVIS AG acquires an operational 81 MW wind farm portfolio in Denmark

Hamburg, December 13, 2019 - Encavis AG (ISIN: DE0006095003, Prime Standard), listed on the SDAX, continues to pursue its strong growth targets and acquires a portfolio of eight wind parks which are already in operation with a total capacity of 81 MW in Denmark. Advantage of this portfolio is the diversified local wind risk of the eight locations. High quality turbines of Vestas and Siemens Gamesa provide a technical availability above 99%. The OEMs service them with industry-standard long-term maintenance contracts with terms of 3 to 15 years. Annual power production of around 214,000 megawatt hours corresponds to the energy consumption of more than 50,000 households. Revenues of 13.4 million euros per annum are expected from the power marketing within the Danish remuneration system based on a normalized year. The enterprise value of the Danish wind park portfolio amounts to around 108 million euros with an equity share of just under 52 million euros of Energi Danmark A/S.

"We have once again achieved excellent growth of 295 MW in 2019 without reducing our ambitious IRR expectations. We will continue and further improve our growth path in the years to come", emphasized Dr. Dierk Paskert, CEO of Encavis AG, the successful execution of the focused growth strategy of the Group.