Corporate News

Energy generation and agriculture in harmony: impressive agri-PV plant now part of Encavis Asset Management's portfolio

Neubiberg/Munich, 15 November 2023 – Encavis Asset Management AG (Encavis AM), a leading provider of sustainable energy investments for institutional investors and a subsidiary of the MDAX-listed wind and solar park operator Encavis AG, has acquired an Agri-Photovoltaic plant in the Netherlands on behalf of the Encavis Infrastructure Fund II (EIF II). The farm, with an installed capacity of around 31 megawatts (MW), is located in the province of North Holland, in the municipality of Middenmeer.

The Agri-PV plant has been operating since April 2023 and counts 70,887 photovoltaic modules. With this type of PV plant, land use is optimised in such a way that electricity generation and agriculture are combined with each other. The tall photovoltaic modules above generate green electricity for around 1,100 households, while at the same time regional farming is carried out under state-of-the-art conditions below the modules.

Launched at the end of 2017, the EIF II is one of the largest European renewable energy portfolios and operates a broadly diversified power plant portfolio with a generation capacity of around 733 MW and an investment volume of more than 1.1 billion euros. This Alternative Investment Fund secures investors, consisting of German savings banks and cooperative banks, the opportunity for sustainable returns together with a concrete contribution to climate protection. The fund is administered by HANSAINVEST LUX S.A. and distributed exclusively by BayernLB. 

"We are proud to be involved in the realisation of such innovative energy projects and are pleased about the harmonisation and coexistence of agricultural use and innovative power generation. The realisation of these kind of plants is central to us - not least in regions with high demand for land, strong agricultural use and great power production potential," comments Karsten Mieth, Spokesman of the Management Board of Encavis Asset Management AG, on the new acquisition.

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 more than 3.5 gigawatts (GW), of which more than 2.1 GW is provided by Encavis AG. This corresponds to a total saving of around 0.8 million tonnes of CO₂ per year stand-alone for the Encavis AG.

Another Group member company is Stern Energy S.p.A., based in Parma, Italy, a specialised provider of technical services for the installation, operation, maintenance, revamping and repowering of photovoltaic systems across Europe.

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.

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