Corporate News

ENCAVIS and Sunovis conclude a cooperation agreement
for a 200 MW+ portfolio of solar projects in Germany

Hamburg/Singen, June 4, 2020 - Encavis AG (Prime Standard, ISIN: DE0006095003) concludes a cooperation agreement with Sunovis GmbH for a 200 MW+ portfolio of subsidy-free solar projects in Germany. The construction of two highly efficient photovoltaic plants with a total output of approx. 120 MW at two different locations in Germany is expected to begin within one year. The photovoltaic power plants save around 65,000 tonnes of CO₂ per year by generating green electricity.

With this innovative cooperation, Encavis will take over ready-to-build facilities and will be responsible for project financing as well as the design, negotiation and conclusion of the long-term Power Purchase Agreement (PPA). Encavis is thus securing further subsidy-free open-space plants in Germany, one of the most sought-after solar locations in Europe. As general contractor, Sunovis is responsible for the professional implementation of these photovoltaic power plants and takes over the entire range of project development services as well as the construction and maintenance of the plants.

"We are very pleased to be able to realize solar projects for the free electricity market on a significant scale in our home country with an already proven partner," said Dr. Dierk Paskert, CEO of Encavis AG, welcoming the opportunity to make a contribution to the Group's growth strategy, >>Fast Forward 2025, in Germany as well.

This is not the first cooperation between the two successful companies. In 2017 and 2019, Sunovis GmbH has already built two plants with a total of 14.3 MW, which were acquired by Encavis.

"Our photovoltaic projects combine the aspect of sustainability with the desire for a secure investment. We pay close attention to the selection of our partners. With Encavis we have a strong partner at our side, with whom we are not least connected by the high and sustainable quality standards that Sunovis stands for", says Raphael Huber, CEO of Sunovis GmbH.

 

About ENCAVIS:
Encavis AG (Prime Standard; ISIN: DE0006095003 / WKN: 609500) is a producer of electricity from renewable sources listed on the SDAX of Deutsche Börse AG. As one of the leading independent power producer (IPPs). Encavis acquires and operates solar parks and (onshore) wind farms in ten European countries. The plants for sustainable energy generation generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). Within the Encavis Group, Encavis Asset Management AG specializes in the area of institutional investors.

Encavis AG's environmental, social and governance performance was evaluated by ISS-oekom, one of the world's leading ESG research and rating agencies and received the ISS-oekom Prime label.

Further information on the company can be found at

 

About Sunovis:
Sunovis is a competent partner in the realization of turnkey photovoltaic power plants throughout Europe. Thanks to the complete service concept from a single source and comprehensive know-how, Sunovis guarantees the sustainable exploitation of green energy with reliable returns. An experienced team of specialists at the company's headquarters in Singen (Baden-Württemberg) and a large network of international partners enable a fast reaction time for dynamic developments in the PV market.

Further information about the company can be found at

Contact:

Raphael Huber (CEO)
Hegau Tower / Maggistr. 5
D - 78224 Singen
Tel.: 12 10
E-Mail: