Corporate News


ENCAVIS AG acquires an operational 81 MW wind farm portfolio in Denmark

Hamburg, December 13, 2019 - Encavis AG (ISIN: DE0006095003, Prime Standard), listed on the SDAX, continues to pursue its strong growth targets and acquires a portfolio of eight wind parks which are already in operation with a total capacity of 81 MW in Denmark. Advantage of this portfolio is the diversified local wind risk of the eight locations. High quality turbines of Vestas and Siemens Gamesa provide a technical availability above 99%. The OEMs service them with industry-standard long-term maintenance contracts with terms of 3 to 15 years. Annual power production of around 214,000 megawatt hours corresponds to the energy consumption of more than 50,000 households. Revenues of 13.4 million euros per annum are expected from the power marketing within the Danish remuneration system based on a normalized year. The enterprise value of the Danish wind park portfolio amounts to around 108 million euros with an equity share of just under 52 million euros of Energi Danmark A/S.

"We have once again achieved excellent growth of 295 MW in 2019 without reducing our ambitious IRR expectations. We will continue and further improve our growth path in the years to come", emphasized Dr. Dierk Paskert, CEO of Encavis AG, the successful execution of the focused growth strategy of the Group.

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

Further information on the company can be found at www.encavis.com

 

Contact:

Encavis AG
Jörg Peters
Head of Investor Relations & 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: joerg.peters@encavis.com
http://www.encavis.com
Twitter: https://twitter.com/encavis