DGAP-News: Encavis Asset Management AG / Key word(s): Financing/Expansion
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.
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