ENCAVIS ASSET MANAGEMENT AG Encavis Asset Management AG and badenova cooperate in five solar parks

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27/07/2021 07:00

DGAP-News: Encavis Asset Management AG / Key word(s): Funds/Acquisition
Encavis Asset Management AG and badenova cooperate in five solar parks

27.07.2021 / 07:00
The issuer is solely responsible for the content of this announcement.

Corporate News

Encavis Asset Management AG and badenova cooperate in five solar parks

Renewable Energy for Brandenburg and Mecklenburg-Western Pomerania

Neubiberg, July 27, 2021 - Encavis Asset Management AG (Encavis AM), located in Neubiberg near Munich, and the Freiburg-based energy and environmental services provider badenova intend to jointly expand their renewable energy portfolio in Germany. The first cooperation includes photovoltaic plants in five locations in Brandenburg and Mecklenburg-Western Pomerania, which both companies intend to acquire and operate together with other investors. The solar plants, with a total generation capacity of 45.5 megawatts (MW), are among the most significant transactions in the German market in 2021. Plants with similar generation capacity are rarely marketed in one package at once.

As such, badenova subsidiary badenovaWÄRMEPLUS has acquired a 49 percent stake in two SPVs, and the Encavis Infrastructure Fund II (EIF II), a special fund managed by HANSAINVEST LUX and distributed by Bayerische Landesbank, has acquired a 51 percent stake. The majority investor is backed in particular by savings banks and cooperative banks from various regions of Germany. The total investment volume is in the mid double-digit million range. Encavis AM will take over the management, the technical plant controlling and also the commercial management of the projects.

The photovoltaic parks have been built by Trianel Energieprojekte on open spaces along railroad and highway routes in Brandenburg and Mecklenburg-Western Pomerania. Three of the plants are located in the Ludwigslust-Parchim district, the other two in the Prignitz and Uckermark districts. All projects have been connected to the power grid since June 15, 2021. Andreas Lemke, project manager of the Trianel Energieprojekte adds: "The five photovoltaic projects were partly built using the most modern technology at challenging locations. They are the result of demanding project planning and reflect the great commitment of all those involved. The entire process of planning and the transaction that has now taken place has been accompanied and handled in a very professional and structured manner by our partners Encavis AM and badenova and has contributed significantly to the success of the overall project".

The cooperation between badenova and Encavis AM enables that both companies can also market the generated electricity themselves. Karsten Mieth, Speaker of the Management Board of Encavis Asset Management, says: "In times of increasing demand for renewable electricity, the importance of direct cooperation between financial investors and companies in the energy sector is also growing. Therefore, Encavis AM is particularly pleased to strengthen its pioneering role in the generation and marketing of renewable electricity through our cooperation with badenova."

Managing Director of badenovaWÄRMEPLUS, Michael Klein, adds: "As an ecologically oriented energy and environmental service provider, it is essential to us to further expand our generation capacity for renewable electricity and thus be able to meet the increasing demand of our customers in the future. The cooperation with Encavis AM offers us valuable support in this context and strengthens our role as a driver of the energy transition beyond the southwest. In particular for the time after the phase-out of electricity generation from lignite and hard coal as well as nuclear power, we are thus positioning ourselves for the future".


About 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 a broad industry network. Encavis AG is one of the leading independent power producers (IPPs) in the field of renewable energies in Europe. The Company acquires and operates solar power plants and (onshore) wind farms in Germany and nine other 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 accounts to more than 2.8 gigawatts (GW), corresponding to a CO2 avoidance of 1.26 million tonnes p.a. in total.
Encavis AG is a signatory of both UN Global Compact and UN PRI network. The environmental, social and governance performance has been rated by ISS ESG and MSCI ESG, two of the world's leading ESG research and rating agencies and received the ISS ESG Prime-Label and MSCI Rating 'AA'.

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

About badenova and badenovaWÄRMEPLUS:

badenova AG & Co. KG, headquartered in Freiburg, Germany, was formed in 2001 from the merger of formerly six regional municipal utilities. With over 1,550 employees, a turnover of one billion euros and an annual profit of between 52 and 55 million euros, the ecologically oriented energy and environmental service provider badenova sees itself as the motor of the energy turnaround in the southwest and as a nationwide pioneer in innovative and ecological services relating to energy and environmental protection. Since its foundation in 2007, the wholly owned subsidiary badenovaWÄRMEPLUS has been responsible for the project planning, construction and operation of heating networks and plants. The "Plus" in the name stands for the expansion and operation of renewable generation, e.g. through wind energy plants, biogas plants and solar plants. With 100 employees, badenovaWÄRMEPLUS generated sales of around 40 million euros in 2020.

For more information on the company, please visit www.badenova.de


About Trianel Energieprojekte (TEP):

Trianel Energieprojekte GmbH & Co. KG, headquartered in Aachen is a wholly owned subsidiary of Stadtwerke-Kooperation Trianel. The Trianel subsidiary, founded in 2020, is one of the largest municipal project developers in Germany. Trianel Energieprojekte is currently developing around 1,000 MW solar and wind projects in Germany.

For more information on the company, please visit www.trianel.de


Encavis AG

Tanja Van den Wouwer
Head of Sustainability & Communications
Tel.: + 49 89 44230 6025
E-Mail: tanja.van_den_wouwer@encavis.com

27.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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