ENCAVIS AG sells Austrian wind farm portfolio in total to WIEN ENERGIE

DGAP-News: ENCAVIS AG / Key word(s): Disposal/Investment
27.12.2021 / 07:00
The issuer is solely responsible for the content of this announcement.

Corporate News


ENCAVIS sells Austrian wind farm portfolio in total to WIEN ENERGIE

Hamburg/Vienna, December 27, 2021 - SDAX-listed wind and solar park operator Encavis AG (ISIN: DE0006095003, Prime Standard, ticker symbol: ECV), sells ist majority stake of 51 percent of its wind farm portfolio in Austria in total to the largest regional Austrian utility, Wien Energie GmbH. The three wind farms "Pongratzer Kogel" and "Herrenstein" in Styria and "Zagersdorf" in Burgenland represent a generation capacity of 36.2 megawatts (MW) in total and were already owned to 49% by Wien Energy.

"The very first time we exceptionally sell a wind farm portfolio in total due to its minor size and comparably limited growth perspectives in this energy market. Once again we provide evidence of the value of our existing portfolio. The technical and commercial optimisation of our parks create significant value - as this example repeatedly demonstrates. This proof of value, which is already included in our forecast key figures for this year, confirms the achievement of our Guidance 2021," Dr Christoph Husmann, CFO of Encavis AG, emphasised the positive financial effects of this hitherto unique sale of a wind farm in total.

With this wind farm acquisition, Wien Energie once again confirms its regional focus and strengthens its portfolio of renewable energy generation, which, in addition to the main focus on photovoltaic parks, also includes wind and hydropower plants.

"We acquired already nearly half of these regional wind farms last year and we are very happy to integrate the extremely well developed parks with their 13 wind power plants into our portfolio completely. With this acquisition we extend our wind power generation capacity up to 190 megawatts (MW) in total and could serve corresponding more than 200,000 households CO2-free with electricity", DI Mag. Michael Streibl, Chairman of the Management Board of Wien Energie GmbH, underlined the investment in renewable energy generation for the security of supply and climate protection of the country.

 

About WIEN ENERGIE:
Wien Energie is the largest regional energy provider in Austria and a subsidiary of Wiener Stadtwerke. Wien Energie supplies two million customers with electricity, heating, cooling, electromobility and telecommunications in a reliable and environmentally friendly manner. In order to promote climate protection, Wien Energie will be investing heavily in the expansion of renewable energies such as solar, wind and hydropower as well as electromobility in the coming years. With innovation and research, Wien Energy is actively shaping the future of energy.

For more information about the company, please visit www.wienenergie.at


Contact:
Wien Energie GmbH

Mag. Lisa Grohs
Pressesprecherin
Tel.: + 43 664 62 32 005
E-Mail: lisa.grohs@wienenergie.at



About ENCAVIS:
Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from renewable energies listed on the SDAX of Deutsche Börse AG. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates solar parks and (onshore) wind farms in ten 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 more than 3.0 gigawatts (GW), which corresponds to a total saving of 1.31 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 "AA" 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 40 37 85 62 242
E-Mail: joerg.peters@encavis.com

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



27.12.2021 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:SDAX
Listed:Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:1262290


 
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