12.03.2018
ENCAVIS AG DE0006095003
DGAP-News: Encavis AG realises first project with Solarcentury by acquiring 43.9 megawatt solar park in the Netherlands
DGAP-News: ENCAVIS AG / Key word(s): Miscellaneous/Miscellaneous
Encavis AG realises first project with Solarcentury by acquiring 43.9
megawatt solar park in the Netherlands
12.03.2018 / 10:40
The issuer is solely responsible for the content of this announcement.
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Encavis AG realises first project with Solarcentury by acquiring 43.9
megawatt solar park in the Netherlands
Hamburg, 12 March 2018 - The SDAX-listed solar park and wind farm operator
Encavis AG based in Hamburg, Germany, closed a deal on the acquisition of a
construction-ready solar park with a total output of 43.9 megawatts (MW) in
the Netherlands. The park's project developer is Solarcentury, with whom the
Encavis AG entered into a strategic partnership in December 2017 about the
access to solar parks with a combined output of around 1.1 GW over the next
three years. The solar park acquired today is supposed to be connected to
the grid in the fourth quarter of 2018 and will double Encavis AG's total
generation capacity on the Dutch solar market to nearly 100 MW. Including
debt financing on project level, the total investment volume of the park
amounts to around 44 million euros.
Encavis AG closed a deal on the acquisition of an additional solar park in
the Netherlands located near the city of Eindhoven, in the province of North
Brabant. The solar park has a total generation capacity of 43.9 MW. This
will see the company's total generation capacity on the Dutch market doubled
to nearly 100 MW within just three months. Grid connection for the newly
acquired solar park is scheduled for the fourth quarter of 2018. The seller
of the park is London-based Solarcentury, an international, integrated
project developer and operator with whom the Encavis AG entered into a
strategic partnership in December 2017. The terms of this partnership centre
on access to solar parks with a total generation capacity of around 1.1 GW
over the next three years.
A state-guaranteed feed-in tariff of 10.4 euro cents per kilowatt hour for
15 years following connection to the grid was secured for the solar park in
an auction proceeding. Encavis AG anticipates a turnover of nearly 4.5
million euros per year after the first full year of operation for the
photovoltaic power station, with Solarcentury handling the commercial and
technical management of the park.
The total investment volume including debt financing on project level
amounts to around 44 million euros. Solarcentury itself will be a key
investor, with an equity share of just under 20 per cent.
"We are pleased that following our announcement we were now able to acquire
the first solar park from our strategic partnership with Solarcentury. We
will continue to work on the further implementation of that partnership over
the coming months", explained Dr Dierk Paskert, CEO of Encavis AG.
"Solarcentury's investment in the solar park speaks for their high level of
professionalism and commitment as a partner. The Dutch solar market is
particularly appealing to us due to the government's concrete expansion
plans, currency matching and attractive financing terms", Paskert added.
Frans van den Heuvel, CEO of Solarcentury, added: "We are delighted to bring
the sale of our first project to Encavis. We joined this strategic
partnership in order to be able to bring solar parks like this one from
development to operation quickly and seamlessly. We look forward to
delivering much more of our pipeline with Encavis, in the Netherlands solar
market and elsewhere".
About the Encavis Group:
Encavis AG is one of the leading independent power producers (IPPs) in the
field of renewable energy in Europe. The company obtains and runs solar
power plants and (onshore) wind farms in Germany and in eight other European
countries. The total generation capacity of the Encavis Group is currently
over 1.5 gigawatt (GW). With its wind farms and solar parks, the company
generates attractive financial returns, as well as very stable income
irrespective of economic conditions.
Encavis AG also offers it's long-standing experience and market knowledge in
the renewable energy segment to institutional investors. Within the Encavis
Group, the Encavis Asset Management AG (formerly known as CHORUS Clean
Energy AG) is specialized in the business with institutional clients.
Furthermore, the Encavis Technical Services GmbH is the Encavis Group's
service unit for the technical management of solar parks.
Encavis AG is predecessor of the Capital Stage AG and the CHORUS Clean
Energy AG. Encavis AG is listed on the regulated market (Prime Standard) of
the Frankfurt Stock Exchange, on the regulated market of the Hamburg Stock
Exchange (ISIN: DE0006095003/WKN: 609500) and on the SDAX of the German
Stock Exchange.
You can find more information on the company at www.encavis.com
Contact:
Encavis AG
Till Gießmann
Head of Investor & Public Relations
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Große Elbstraße 59
22767 Hamburg
Fon: + 49 40 37 85 62-242
Fax: + 49 40 37 85 62-129
e-mail: [email protected]
http://www.encavis.com
Twitter: https://twitter.com/encavis
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12.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: ENCAVIS AG
Große Elbstraße 59
22767 Hamburg
Germany
Phone: +49 4037 85 62 -0
Fax: +49 4037 85 62 -129
E-mail: [email protected]
Internet: www.encavis.com
ISIN: DE0006095003, DE000A2GS625
WKN: 609500, A2GS62
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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662593 12.03.2018
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