Encavis Asset Management AG: Additional 74.5 million euros equity raised for special fund 'Encavis Infrastructure II' - Fund volume exceeds 200 million

DGAP-News: Encavis Asset Management AG / Key word(s): Financing/Expansion
16.06.2020 / 07:03
The issuer is solely responsible for the content of this announcement.

Corporate News

Encavis Asset Management AG: Additional 74.5 million euros equity raised for special fund "Encavis Infrastructure II" - Fund volume exceeds 200 million

Neubiberg, June 16, 2020 - Encavis Asset Management AG (Encavis AM), a subsidiary of the SDAX-listed solar and wind park operator Encavis AG (ISIN: DE0006095003, Prime Standard), is facing ongoing strong demand from institutional investors for investment opportunities in renewable energy assets. EUR 74.5 million equity was raised for the Encavis Infrastructure Fund II (EIF II), a special fund marketed exclusively by BayernLB. The fund managed by HANSAINVEST Lux S.A. now has a fund volume exceeding EUR 200 million.

Nearly two thirds of the fund are currently invested in solar parks, the rest in wind farms. All these renewable energy plants generate stable returns and are located in mature regional markets with reliable investment conditions. 60 percent of the photovoltaic and wind power plants are based in Germany, 35 % in The Netherlands and additional 5 % in France. With a total generation capacity of currently 232 megawatts, more than 200,000 tons of climate-damaging CO2 emissions are saved every year.

Among the investors is the Kreissparkasse Reutlingen. "We appreciate the wide diversification of the portfolio across energy generation types, locations and countries. The EIF II certainly scores well, among other things, because of the existing statutory feed-in tariffs and thus easily calculable returns that fit in well with our planning horizons. BayernLB and its partners did an excellent job in preparing the regulatory framework, addressing both the risks attached to this asset class as well as the relevant reporting aspects. Other than that, it is also of main importance to us to make a valuable contribution to the energy transformation with our underwriting", said Michael Bläsius, Chairman of the Board of Management of Kreissparkasse Reutlingen.

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 SDAX-listed Encavis AG (ISIN: DE0006095003, Prime Standard) and, as part of the Encavis Group, benefits from their many years of experience and a broad industry network. Encavis AG is one of the leading independent power producers (IPPs) in the field of renewable energies in Europe. The Company acquires and operates solar power plants and (onshore) wind farms in Germany and nine other European countries. The Encavis Group's total generation capacity currently exceeds 2.5 gigawatts (GW).

The environmental, social and governance services of Encavis AG have been evaluated by ISS-oekom - one of the world's leading ESG research institutes and rating agencies - and received the ISS-oekom Prime label.

Further information on the Company can be found at www.encavis.com.


Encavis Asset Management AG

Tanja Van den Wouwer

Head of Marketing & Communications
Tel.: + 49 (0)89 44230 6025
E-Mail: tanja.van_den_wouwer@encavis.com

16.06.2020 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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