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EQS-News: ENCAVIS AG
/ Key word(s): Acquisition/Expansion
ENCAVIS acquires a solar park already under construction in Dietfurt and Breitenbrunn (62 MW)
12.12.2024 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
Corporate News
ENCAVIS acquires a solar park already under construction in Dietfurt and Breitenbrunn (62 MW)
Hamburg 12 December 2024 – The Hamburg-based wind and solar park operator Encavis AG has acquired a solar park (62 MW) in Dietfurt and Breitenbrunn (Bavaria) from FRONTERIS Energie GmbH (FRONTERIS), which is also responsible for its construction. The park, which has been being built since September 2024, is expected to be connected to the grid in the second quarter of 2025 and will produce an average of around 67 gigawatt hours (GWh) of green electricity per year.
“With a generation capacity of 62 MW, the solar park in Dietfurt and Breitenbrunn is our largest solar park in Bavaria to date. With this first joint project with FRONTERIS, we are increasing our total generation capacity from wind and solar energy in Germany (on the grid and under construction) to 780 MW,” says Mario Schirru, CIO/COO of Encavis.
“The Dietfurt project - in close cooperation with our partner company PRIMUS Solar GmbH - is one of the largest projects in our more than 20-year company history. We were very pleased with the competent and goal-oriented cooperation with the authorities and municipalities and, of course, the new partnership with Encavis AG. We are optimistic about further opportunities for cooperation in the areas of solar, wind and battery storage,” adds Marcus Vilsmeier, Managing Director of the FRONTERIS Group.
The electricity purchase is secured via an EEG feed-in tariff with a term of 20 years.
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About ENCAVIS:
The Encavis AG (Prime Standard; ISIN: DE0006095003; Ticker symbol: ECV) is a producer of electricity from Renewable Energies. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates (onshore) wind farms and solar parks in twelve European countries. The plants for sustainable energy production generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). The Encavis Group’s total generation capacity currently adds up to around 3.7 gigawatts (GW), of which around 2.3 GW belong to the Encavis AG, which corresponds to a total saving of around 0.8 million tonnes of CO2 per year stand-alone for the Encavis AG. In addition, the Group currently has more than 1.2 GW of capacity under construction, of which around 900 MW are own assets.
Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors. Another Group member company is Stern Energy S.p.A., based in Parma, Italy, a specialised provider of technical services for the installation, operation, maintenance, revamping and repowering of photovoltaic systems across Europe.
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 their “AA” level and ISS ESG with their “Prime” label (A-), the Carbon Disclosure Project (CDP) with its Climate Score “B” and Sustainalytics with its “low risk” ESG risk rating.
Additional information can be found at .
Contact:
ENCAVIS AG
Dr. Oliver Prüfer
Press Officer & Manager Public Relations
Tel.: + 49 (0)40 37 85 62 133
Email:
About FRONTERIS/PRIMUS:
FRONTERIS has been active in project realisation & operational management in the field of renewable energy sources for over 20 years. PRIMUS successfully develops projects in the fields of solar, wind and storage up to the construction stage. The common goal is to decisively advance the development of energy generation and to deal responsibly with the available resources and local partners.
As experts in solar and wind power projects, FRONTERIS and Primus have been able to develop and implement projects with an investment volume of around €400 million in recent years and provide commercial and technical management support.
Further information about the companies can be found at and .
Contact:
FRONTERIS Group
Maresa Barthelmess
Head of Communication and Marketing
Email:
12.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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