Encavis Asset Management AG

EQS-News: Encavis Asset Management AG / Key word(s): Acquisition/Funds
Encavis Asset Management AG
09.11.2022 / 07:03 CET/CEST
The issuer is solely responsible for the content of this announcement.


Corporate News

Encavis Asset Management acquires the world's largest solar carport for special fund

Neubiberg/Munich, November 9, 2022. With the acquisition of the Biddinghuizen solar park in Flevoland, Encavis Asset Management AG (Encavis AM) realises an additional investment in the Netherlands.

The solar park with a total capacity of 37.6 megawatts (MW) is located on a 250,000 m2 area. Around 15,000 parking lots were realised for the carport, which is used for major events and festivals. Sheep, which find their pasture here, take care of the greenery - reliable and sustainable. Since September 2021, over 90,700 bifacial modules have been producing green electricity for 13,700 households. In the process, 14,600 tonnes of harmful CO2 are saved annually.

The solar park is now part of the Encavis Infrastructure Fund II (EIF II), an investment fund for credit institutions, primarily savings and cooperative banks. With a total investment volume of over 1 billion euros, the fund investors are currently invested in roughly equal proportions in solar parks as in wind parks. All renewable energy plants in the portfolio generate stable returns and are in mature markets: 45% of the photovoltaic and wind power plants are in Germany - France hosts another 24%. In the Netherlands, 19% of the portfolio is located, as well as 9% in Spain and another 3% in Finland. The special fund is managed by HANSAINVEST LUX S.A. and exclusively distributed by BayernLB.

"The acquisition of the Biddinghuizen solar park expands EIF II's generation capacity to a total of almost 600 MW," says Karsten Mieth, Speaker of the Board of Encavis Asset Management AG, adding: "With over 40 power plant investments, the fund is one of the largest renewable energy portfolios for institutional investors, is exemplarily diversified and benefits from long-term feed-in tariffs."


About Encavis Asset Management AG:

Encavis Asset Management AG offers institutional investors tailor-made portfolios and fund solutions for investments in the growth market of Renewable Energies. The Company has been successfully investing in this sector since 2006, covering the entire value chain from asset sourcing to the operational management of investments.

Encavis Asset Management AG is a wholly owned subsidiary of MDAX-listed Encavis AG (ISIN: DE0006095003, Prime Standard, Ticker symbol: ECV) and, as part of the Encavis Group, benefits from their many years of experience and broad industry network.

Encavis AG is one of the leading independent power producers (IPPs) in the field of Renewable Energies in Europe. Encavis Group's total generation capacity currently adds up to around 3.4 gigawatts (GW), which corresponds to a total saving of around 1.4 million tonnes of CO2 per year.

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.

Please visit our website www.encavis-am.com for additional information.


Encavis AG
Tanja Van den Wouwer   
Head of Sustainability & Communications 
Phone +49 89 44230 6025   

09.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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