Corporate News

Encavis Asset Management completes investment phase of the Encavis Infrastructure Fund II (EIF II)
 

• Total investment volume of 1.13 billion euros
• Total installed capacity saves 327,500 tonnes of CO₂ emissions per year
   

Neubiberg/Munich, 12 December 2022 - Encavis Asset Management AG (Encavis AM) has successfully completed the investment phase of the Encavis Infrastructure Fund II (EIF II), an alternative investment fund for banks distributed exclusively by BayernLB. For the EIF II, which was launched at the end of 2017, a broad pan-European Renewable Energy portfolio was build. As a result, one of Germany's largest renewable energy funds is now fully invested with a capacity of almost 680 MW.

The fund's most recent investment activities took place in Germany. The EIF II was able to acquire two solar parks with a total capacity of 45 MW in Rhineland-Palatinate. One solar park is scheduled to be connected to the grid this year. The second park is expected to be connected to the grid in the first half of 2023. 

In total, the EIF II now has an optimally diversified portfolio of 22 wind farms and 21 solar farms in Germany, France, the Netherlands, Spain and Finland.

Karsten Mieth, Spokesman of the Management Board of Encavis Asset Management AG, comments: "This extraordinary success is the result of strong partnerships with developers as well as excellent teamwork throughout the investment phase. We will continue to leverage our market-leading expertise in the Renewable Energy sector to rapidly advance the energy transition. To this end, two further institutional funds are currently raising money: EIF IV, which -as the successor fund of the EIF II- is targeting banks, and the EIF V, which is designed for insurance companies and pension funds."

Herbert Schädler, Senior Director Alternative Investments at BayernLB, added: "The focus of EIF II on the regulatory needs of the (savings) banks and on exclusively one asset class (Renewable Energies), which provides investors with maximum transparency, were the basis for the extraordinarily strong investor demand. The target volume was clearly exceeded and finally reached 480 million euros of equity. We would like to thank the investors for their trust. On behalf of all service providers, we would like to thank in particular the advisor Encavis Asset Management AG and the AIFM HANSA INVEST LUX S.A. for their always professional and investor-friendly cooperation."

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 MDAX-listed Encavis AG (ISIN: DE0006095003, Prime Standard, Ticker symbol: ECV) and, as part of the Encavis Group, benefits from their many years of experience and broad industry network.

Encavis AG is one of the leading independent power producers (IPPs) in the field of Renewable Energies in Europe. Encavis AG acquires and operates (onshore) wind farms and solar parks in Germany as well as in other European countries. The Encavis Group's installed capacity currently adds up to more than 3.4 gigawatts (GW), which corresponds to a total saving of more than 1.4 million tonnes of CO₂ per year.

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 "A" level and ISS ESG with their "Prime" label.

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About BayernLB:

As a focused specialist bank, BayernLB is an important provider of investment finance for the Bavarian and German economy. It is committed to progress. Its customers - corporates, savings banks, institutional investors and the public sector - are at the centre of its sustainable actions.

In its corporate customer business, BayernLB focuses on sectors of the future, such as mobility, energy, technology, construction and basic materials, mechanical and plant engineering. The Bank supports companies from these sectors in particular in successfully developing their business models. As a real estate financier, the Group offers 360-degree expertise across the entire value chain in the real estate business - and in numerous asset classes. BayernLB is the central bank of the savings banks in Bavaria and has been a proven partner of savings banks in Bavaria and throughout Germany for decades. As a TechBank, the Group subsidiary DKB offers its more than five million customers an outstanding customer experience and excellent digital solutions. BayernLB is owned by the Free State of Bavaria and the Association of Bavarian Savings Banks.

Contact:  
Encavis AG       
Tanja Van den Wouwer      
Head of Sustainability & Communications      
Phone 25