Neubiberg/Hamburg, October 23, 2019: Encavis Asset Management AG (Encavis AM), a subsidiary of the SDAX-listed Hamburg solar and wind park operator Encavis AG (Prime Standard, ISIN: DE0006095003) based in Neubiberg near Munich, continues to establish itself as a sought-after asset management partner for institutional investors.
A well-known insurance group has entrusted Encavis AM with the investment consulting of its special fund. The fund, with a target volume in the three-digit million euro range, shall invest in a portfolio of solar and wind farms. The general framework of the fund was jointly developed by the partners. With this fund, the insurance group intends to make a further contribution to the energy revolution and generate attractive returns with an interesting risk-return profile.
The first fund transactions with a volume of 32 megawatts (MW) have already been successfully executed. The recently completed acquisition of the French wind park "Les Landes" now adds a further 18 MW to the portfolio. Additional wind and solar parks in Central Europe are in due diligence. "We are currently examining solar parks and several wind farms in detail. We pay the highest attention to ensuring that they are optimally in line with our investor's ideas," said Karsten Mieth, CEO of Encavis Asset Management AG, explaining the ongoing reviews.