Encavis AG

We are happy to announce the acquisition of the Almodóvar solar park in Andalucía, Spain! This new addition will boost our capacity in Spain by 95 MW, generating 187 GWh annually. Set to connect to the grid by Q4 2025, 76% of the electricity offtake is secured through a 10-year PPA signed in December 2021. Mario Schirru, CIO/COO, highlighted, “The Spanish PV market has been and still is one of the fastest growing markets in Europe with 5.6 GW growth in 2023, thereby reaching 26 GW of installed PV capacity, second only to Germany. Spain and Germany will continue to be very important markets this year and Encavis has been active in the Spanish market for more than five years, having built up substantial knowledge and experience.” The project is fully equity-financed, with further financing planned for next year. 📰 Find the press release here: https://lnkd.in/d2r-X-mp #encavis #renewables #renewableenergy #solarpower #solarpark

Exciting Milestone at Bartow Solar Park: The first of 342,030 solar modules has been installed! Our team is now diligently placing each module onto the prepared mounting systems, ready to harness the sun's energy and convert it into solar power. With a capacity of 260 MWp and spanning over 205 hectares, Bartow Solar Park will be the second largest solar park in Germany. Connected to the grid, this project will save 100,000 tons of CO2 annually, marking a significant step towards a sustainable future. A special thank you to our partner, GOLDBECK SOLAR Gruppe, for their outstanding cooperation. #encavis #solar #renewables #renewableenergy

We've secured a €300 million revolving credit facility to power our Accelerated #Growth Strategy 2027! This highly oversubscribed line of credit, available until 30th April 2025, will support us to acquire new wind and solar projects, driving our growth plans forward. Dr. Christoph Husmann, our Spokesman of the Management Board and CFO, states, “This new credit facility allows us to pursue our ambitious acquisition plans, even during the transition period related to the completion of the voluntary public tender offer by the KKR-led consortium.” We extend our gratitude to Rabobank and the consortium of eight banks, including both long-term partners and new lenders, for their invaluable support. #encavis #renewables #renewableenergy #credit #acceleratedgrowh

Last week, Elbe BidCo announced the results of the additional acceptance period. The acceptance rate for the offer from the KKR-led consortium was about 87 per cent. Dr. Christoph Husmann, our CFO and Spokesman of the Management Board, commented: “Our shareholders' support for the strategic partnership with KKR, Viessmann, and our existing shareholder ABACON CAPITAL marks a significant milestone as we embark on a new chapter for our Company. Collaborating with these partners will enhance our #growth trajectory, strengthening ENCAVIS' position as a leading onshore wind and solar platform with a diversified pan-European portfolio.” Find out more about the partnership and our next steps: https://lnkd.in/eZSf7RsS #encavis #renewables #renewableenergy #solar #wind

We're energized 🌞 and ready for three exciting days at #Intersolar in Munich! Join us for a coffee at the #Encavis booth in Hall B5, Booth 352, to explore collaboration opportunities and discuss the future of solar power. We can't wait to meet you there! #RenewableEnergy #SolarPower #Intersolar2024 #Renewables #TheSmarterE #InnovationInSolar #Munich

Our team at Encavis Asset Management recently took a break from their desks to support Münchner Tafel e.V., dedicating their time and effort to give back to the local community. They helped with pre-sorting and distributing food, experiencing firsthand the profound impact of their contributions. Giving-back is deeply rewarding and our colleagues anticipate future opportunities to contribute and make a difference! #community #volunteering #collaboration #givingbackdays2024 #encavis

Last week, our Annual General Meeting took place in Hamburg. Dr. Rolf Martin Schmitz, Chairman of the Supervisory Board, expressed his gratitude for the continued interest and support of our shareholders, especially amid the ongoing takeover situation by KKR, Viessmann, and ABACON CAPITAL. Here are some key highlights from the #AGM: ✅ Retention of the entire consolidated earnings of Encavis AG to support further growth ✅ Approval of the amended compensation system for our Management Board ✅ Re-election of Dr. Marcus Schenck to the Supervisory Board ✅ Election of Ayleen Goerisch to the Supervisory Board, succeeding Mr. Albert Büll ✅ Discharge granted to all members of the Management Board and Supervisory Board by clear majorities 👉 For detailed voting results and more information, please visit our website: https://lnkd.in/eXs49ZHw #EncavisAG #RenewableEnergy #SustainableGrowth #CorporateGovernance #ShareholdersMeeting

Last week, the #GénérationTransition initiative was launched by France Renouvelables and around 10,000 schoolchildren from across France were able to discover wind energy up close. In La Chapelle-Glain, located in the Loire-Atlantique region, our colleagues from Encavis Asset Management opened the doors of the Bois Gautier wind farm. On Tuesday, Manon Wahl and Patrick Gerges, along with our technical manager Energiequelle France , welcomed over 90 children. Not even the rainy weather could dampen the children's enthusiasm! #Encavis #FranceRenouvelables #WindEnergy #CleanEnergy #GreenInitiative #GreenEnergy #RenewableEnergy

We are excited to be exhibiting at Intersolar/The smarter E in Munich from June 19 until June 21, 2024. We look forward to having engaging discussions with industry experts, connecting with our current business partners, and forging new relationships. Visit us in Hall B5 at the Encavis Booth 352 and enjoy a great cup of coffee! 👉 General information about the fair: https://lnkd.in/evcKN_fv #intersolar #empower #thesmarterE #renewableenergy #greenpower #messemünchen

Impressions of solar park Sonzay in France🔆that is part of a portfolio managed by our colleagues from Encavis Asset Management. The park - has a nominal capacity of 10.7 MW - has an annual electricity production exceeding 12,500,000 kWh - annually saves around 700 t CO₂ - features sheep providing natural lawnmowing 🐑 🌍 Explore our entire portfolio via the interactive map on our website.: https://lnkd.in/eHVjw8FY #Encavis #France #solarpower #renewables #greenenergy