Encavis AG successfully issues first 'Green Schuldschein' with a volume of 50 millione Euro to finance further growth

Hamburg, 06 September 2018 - SDAX-listed Hamburg-based solar and wind park operator Encavis AG today announced the successful placement of a EUR 50 million 'Green Schuldschein' (green bonded loan) with international and national institutional investors.

This was the first bond issued by Encavis AG as a Green Schuldschein. The Climate Bond Standard Executive Board has confirmed that the proceeds will be used exclusively for purposes that have a positive impact on the climate and the environment. The Green Schuldschein classification expands Encavis AG's range of possible growth financings, as it allowed the bond to be subscribed also by ESG (Environmental, Social und Governance) investors, who choose their investments on the basis of binding environmental and social standards. The bond had tranches of 5, 7 and 10 years, all three of which were successfully closed at the lower end of the offered interest rate bandwidth. In this transaction the DZ BANK AG was acting as Sole Arranger and Bookrunner.

"The Green Schuldschein continues our series of alternative and innovative growth financing instruments", comments Dr Christoph Husmann, CFO of Encavis AG. "In September 2017 Encavis was one of the very first companies in Europe to successfully issue a EUR 97.3 million hybrid convertible bond, which is to be accounted for as equity capital under International Financial Reporting Standards (IFRS). With the hybrid convertible bond and the green bonded loan, we successfully continued our strategy to combine several alternative and innovative financing vehicles in order to being able to finance growth while at the same time maintaining strong balance sheet figures", Husmann continues.

The capital raised by the hybrid convertible bond and the Green Schuldschein will primarily be used to finance the acquisition pipeline of solar parks from the two strategic partnerships with Solarcentury as well as Power Capital and ISIF (Ireland Strateic Investment Fund) with a total generation capacity of roughly 1.3 GW in the next two years. In March 2018, Encavis AG already took over a solar park with a generation capacity of approx. 44 MW in the Netherlands from this acquisition pipeline.

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 acquires and operates 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 gigawatts (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 provides institutional investors with the benefit of its many years of experience and market knowledge in the field of renewable energies. Within the Encavis Group, Encavis Asset Management AG specializes in the field of institutional investors. Encavis Technical Services GmbH is also the Encavis Group's service unit for the technical management of solar parks.

Encavis AG is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange and on the regulated market of the Hamburg Stock Exchange (ISIN: DE0006095003 / WKN: 609500) and 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: till.giessmann@encavis.com
http://www.encavis.com
Twitter: https://twitter.com/encavis