DGAP-News: Encavis Asset Management AG / Key word(s): Expansion/Funds
Encavis special bank fund EIF II invests over one billion euros in Renewable Energy power plants in Europe
Neubiberg/Munich, 21 July 2022. Encavis Asset Management AG (Encavis AM), subsidiary of MDAX-listed wind and solar park operator Encavis AG (ISIN: DE0006095003, Prime Standard; Ticker symbol: ECV) realises an investment volume of more than one billion euros for its special bank fund EIF II with the acquisition of another wind farm.
The wind farm is located in the Brandenburg municipality of Auras, south of Cottbus. It consists of four Vestas wind turbines with hub heights up to 169 m. The total generation capacity is 21.8 megawatts (MW). The turbines were commissioned between November 2021 and February 2022. In total, the four turbines annually supply 24,800 households with green electricity and save 27,400 tonnes of harmful CO2. All plants benefit from government feed-in tariffs. The park was developed and realised by the UKA Group.
The Luxembourg special fund Encavis Infrastructure Fund II (EIF II), managed by HansaInvest Lux., is now acquiring the park from the UKA Group. The fund is distributed exclusively by Bayern LB and is tailor-made for credit institutions, primarily German savings banks and cooperative banks, whose investment strategy places particular emphasis on sustainability and stable cash flows for their investments.
"This investment sets a milestone of diversification in this special fund. More than one billion euros are invested in well over 40 European wind and solar power plants which produce electricity from renewable sources. In times of rising interest rates and inflation, Encavis funds also show a "natural" hedge in risk management due to the current high electricity prices," says Karsten Mieth, Spokesman of the Board of 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 Group's total generation capacity currently adds up to more than 3.2 gigawatts (GW), which corresponds to a total saving of 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 "A" and ISS ESG with their "Prime" label.
Please visit our website www.encavis-am.com for additional information.
21.07.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.