Encavis Asset Management AG
Encavis Asset Management AG invests around EUR 40 million in renewable energy plants in Bavaria for institutional investors
Neubiberg, 21 February 2019 – Encavis Asset Management AG (Encavis AM), headquartered in Neubiberg near Munich, has invested a total of around EUR 40 million in two wind farms and a solar park for two portfolios of institutional investors. The plants are in profitable locations within the Bavarian administrative districts of Aichach-Friedberg, Bayreuth and Hof. The plants of the Baar wind farm, type Nordex N117/3 MW, have already been connected to the grid since November 2017 and benefit from a guaranteed feed-in tariff of 7.69 euro cents per fed-in kilowatt-hour (kWh). The wind turbines were erected in the Aichach-Friedberg district. The Vestas V126/3.45 MW wind turbines of the Körbeldorf wind farm near Bayreuth, were put into operation as early as February 2017 and receive a feed in tariff of 8.38 euro cents per kWh. The Friedmannsdorf solar park with a total output of around 10 megawatts is currently being constructed in the Hof administrative district. Modules from Canadian Solar and Huawei inverters are to be installed. Starting of operations is envisaged for the second quarter of 2019. “Bavaria is a highly attractive and demanded investment location for renewable energy assets. Our excellent market access and industrial professionalism give us the decisive advantage in portfolio management,” says Karsten Mieth, Chairman of Encavis Asset Management AG. “Sustainability is becoming increasingly important for our investors,” he adds. “These three parks will produce climate-friendly energy for around 13,400 households each year and will make their contribution to meeting the EU’s climate targets.” About Encavis Asset Management AG: End of Media Release Issuer: Encavis Asset Management AG Key word(s): Energy
21.02.2019 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |