ENCAVIS AG reaches ready-to-build (RTB) status for a 105 MW solar park in Mecklenburg-Western Pomerania
07.03.2023
EQS-News: ENCAVIS AG/ Key word(s): Expansion ENCAVIS AG reaches ready-to-build(RTB) status for a 105 MW solar park in Mecklenburg-Western Pomerania 07.03.2023/ 07:05 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News ENCAVIS reaches ready-to-build(RTB)
ENCAVIS AG reaches ready-to-build (RTB) status for a 105 MW solar park in Mecklenburg-Western Pomerania
EQS-News: ENCAVIS AG/ Key word(s): Expansion ENCAVIS AG reaches ready-to-build(RTB) status for a 105 MW solar park in Mecklenburg-Western Pomerania 07.03.2023/ 07:05 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News ENCAVIS reaches ready-to-build(RTB)
EQS-News: ENCAVIS AG / Key word(s): Expansion Corporate News ENCAVIS reaches ready-to-build (RTB) status for a 105 MW solar park in Mecklenburg-Western Pomerania
"By creating the conditions for the scheduled start of construction of this high-performance solar park, we are reaching the target of 500 MW, which we set for 2022", said Mario Schirru, Chief Investment Officer/Chief Operating Officer (CIO/COO) of Encavis AG, welcoming the important milestone and adds: "Once completed, this will be ENCAVIS's largest solar park in Germany and this will bring the total generation capacity in this core market, which is so important for us, to almost 550 MW." ENCAVIS is now a big step closer to its target of 3.4 GW of generation capacity as part of its ‘>> Fast Forward 2025‘ growth strategy, with 2.1 GW currently on the grid and almost 360 MW under construction. Once completed, this solar park will produce subsidy-free electricity, which will be sold directly to an industrial customer through a long-term Power Purchase Agreement (PPA), most likely over ten years.
About ENCAVIS: Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from Renewable Energies listed on the MDAX of Deutsche Börse AG. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates (onshore) wind farms and solar parks in twelve European countries. The plants for sustainable energy production generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). The Encavis Group's total generation capacity currently adds up to around 3.5 gigawatts (GW), of which more than 2.1 GW belongs to the Encavis AG, which corresponds to a total saving of around 0.8 million tonnes of CO2 per year stand-alone for the Encavis AG. Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors. 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 their "A" level and ISS ESG with their "Prime" label. Additional information can be found on www.encavis.com
07.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
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: | info@encavis.com |
Internet: | https://www.encavis.com |
ISIN: | DE0006095003 |
WKN: | 609500 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1576009 |
End of News | EQS News Service |