DGAP-News: ENCAVIS AG / Key word(s): Miscellaneous
Hamburg, 12 September 2018 - SDAX-listed Hamburg-based solar and wind park operator Encavis AG has acquired a further solar park in Germany as well as five more wind turbine generators (WTG) in Denmark with a total generation capacity of 23.1 megawatts (MW). The solar park was connected to the power grid in 2012 and benefits until 2032 from a government-guaranteed feed-in tariff of roughly 18 euro cents per kilowatt hour. The five Danish WTGs were connected to the electricity grid in 2014 and benefit from a government-guaranteed premium for a fixed number of full-load hours.
The German 6.6 MW solar park acquired by Encavis is located in the Boizenburg district in Mecklenburg-Western Pomerania some 70 kilometers from Hamburg. Encavis expects the plant to contribute some EUR 1.2 million to revenues as of the first full year of operation. The total investment including project-related debt capital amounts to approx. EUR 9.7 million. The sale of the plant was structured and organized by Irish project developer Power Capital. In January 2018, Power Capital and Encavis AG as well as the Ireland Strategic Investment Fund (ISIF) additionally signed a strategic partnership for investments in the Irish solar market.
The five Vestas V 112 wind power turbines acquired in Denmark have a total generation capacity of roughly 16.5 MW. Three of the five WTGs form part of the Norhede III wind park. The two other WTGs are part of the Norhede II wind park on the Danish North Sea coast. The investment volume for the five WTGs including the project-related debt capital amounts roughly EUR 18.0 million.
In Denmark, wind parks benefit from a government premium granted for the first 22,000 full-load hours. Encavis expects the WTGs to contribute about EUR 2.5 million p.a. to the company's revenues.
"With the newly acquired plants, we have already expanded our portfolio in 2018 by a total generating capacity of more than 65 MW. We are well on track for both, full-year growth and earnings for the whole of 2018." Dr. Dierk Paskert, CEO of Encavis, comments.
Encavis AG also provides institutional investors with the benefit of its many years of experience and market knowledge in the field of renewable energies. Within the Encavis Group, Encavis Asset Management AG specializes in the field of institutional investors. Encavis Technical Services GmbH is also the Encavis Group's service unit for the technical management of solar parks.
Encavis AG is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange and on the regulated market of the Hamburg Stock Exchange (ISIN: DE0006095003 / WKN: 609500) and the SDAX of the German Stock Exchange.
You can find more information on the company at www.encavis.com
Head of Investor & Public Relations
Große Elbstraße 59
Fon: + 49 40 37 85 62-242
Fax: + 49 40 37 85 62-129
|Große Elbstraße 59|
|Phone:||+49 4037 85 62 -0|
|Fax:||+49 4037 85 62 -129|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|