Corporate News
 

Encavis Asset Management expands wind portfolio for Versicherungskammer
Versicherungskammer helps to save 30,500 tonnes of CO₂
 

Neubiberg/Munich, 23 March 2023. Encavis Asset Management AG (Encavis AM), a subsidiary of the MDAX-listed wind and solar park operator Encavis AG, advises the Versicherungskammer Group on the acquisition of a German wind farm with a total capacity of 23.6 megawatts (MW). The acquisition is being handled by their special fund Encavis Infrastructure Fund III (EIF III). The park was developed and realised by the UKA-Unternehmensgruppe.

The wind farm consists of a total of four wind turbines. Three Vestas turbines of type V150 - 6.0 MW are in the municipality of Treplin and have been in operation since February 2022. Another Vestas turbine from type V150 - 5.6 MW is located in Gusow and has already been producing green electricity since April last year. The entire wind farm supplies around 27,700 households with green electricity and saves over 30,500 tonnes of CO₂ annually.

Georg Distler, Head of Infrastructure Investments at Versicherungskammer Group: "Through this acquisition, we are expanding our portfolio. With the consistent expansion of Renewable Energies, Versicherungskammer is making an active contribution to CO₂ avoidance and thus to climate protection. We are also supporting security of energy supplies in Germany. We look forward to the proven cooperation with our partner Encavis."

Karsten Mieth, Spokesman of the Board of Encavis Asset Management AG: "We are pleased to have realised another transaction together with our long-term business partner UKA Group. Thanks to the excellent cooperation, the fund portfolio of EIF III could be complemented by a high-quality wind farm."

Encavis Asset Management AG is responsible for the structuring of the entire project and will take over the commercial management, energy management, accounting and controlling of the wind farm.

UKB Umweltgerechte Kraftanlagen Betriebsführung GmbH is responsible for the technical management of the wind farm.

Encavis Asset Management AG

Encavis Asset Management AG offers institutional investors tailor-made portfolios and fund solutions for investments in the growth market of Renewable Energies. The Company has been successfully investing in this sector since 2006, covering the entire value chain from asset sourcing to the operational management of investments.

Encavis Asset Management AG is a wholly owned subsidiary of MDAX-listed Encavis AG (ISIN: DE0006095003, Prime Standard, Ticker symbol: ECV) and, as part of the Encavis Group, benefits from their many years of experience and broad industry network. Encavis AG is one of the leading independent power producers (IPPs) in the field of Renewable Energies in Europe. The Encavis Group's installed capacity currently adds up to around 3.5 gigawatts (GW), of which more than 2.1 GW is provided by Encavis AG. This corresponds to a saving of around 0.8 million tonnes of CO₂ per year.

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 "A" and ISS ESG with their "Prime" label.

Please visit our website www.encavis-am.com for additional information.

Konzern Versicherungskammer

The Versicherungskammer Group is the largest public insurer nationwide and now the seventh-largest primary insurer in Germany. In the 2022 financial year, it generated total premium income (preliminary) of close to EUR 9 billion. With its regionally active companies, the company operates in Bavaria, the Palatinate, Saarland, Berlin and Brandenburg. Together with the other public insurers, the health insurer of the S Finance Group operates nationwide. The social commitment of the Versicherungskammer Group is of great importance. The strategy of supporting voluntary institutions and initiatives, which are particularly active in the field of prevention and safety, and which are geared towards sustainability, has been additionally strengthened for several years by the two foundations, Versicherungskammer-Stiftung and Versicherungskammer-Kulturstiftung. In addition, the Versicherungskammer Group has been awarded the "Work and Family" certificate as a family-friendly company for the third time. It has around 7,000 employees, including around 290 trainees.

Contact:  

Encavis AG       
Tanja Van den Wouwer     
Head of Sustainability & Communications     
Phone +49 89 442 30 60 25      
tanja.van_den_wouwer@encavis.com      

Konzern Versicherungskammer
Dr Inge Sommergut
Unternehmenskommunikation 
Phone +49 89 21 60 41 06
inge.sommergut@vkb.de