{"id":4329,"date":"2022-11-24T06:02:00","date_gmt":"2022-11-24T06:02:00","guid":{"rendered":"http:\/\/encavis-wordpress.10.0.0.235.nip.io\/?p=4329"},"modified":"2026-07-23T16:11:56","modified_gmt":"2026-07-23T16:11:56","slug":"2387913-encavis-ag-acquires-a-second-subsidy-free-14-mw-solar-park-in-sweden","status":"publish","type":"post","link":"https:\/\/new.encavis.com\/en\/newsroom\/press-releases\/2387913-encavis-ag-acquires-a-second-subsidy-free-14-mw-solar-park-in-sweden","title":{"rendered":"ENCAVIS AG acquires a second subsidy-free 14 MW solar park in Sweden"},"content":{"rendered":"\n

Corporate News <\/span><\/span><\/p>\n\n\n\n

ENCAVIS acquires a second subsidy-free 14 MW solar park in Sweden<\/span><\/span><\/b><\/span><\/span><\/span><\/p>\n\n\n\n

Hamburg<\/span><\/span><\/strong>\/<\/span><\/span>Lillestr\u00f8m, 24 November 2022<\/span><\/strong><\/span><\/span><\/b> \u2013 Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche B\u00f6rse AG (Prime Standard; ISIN: DE0006095003, stock exchange symbol: ECV), acquires a second solar park in Sweden as part of its partnership with the Norwegian solar park developer Solgrid AS. The park is located in V\u00e4stervik on the east coast of Sweden, will have a generation capacity of around 14 MW and is planned to be connected to the grid in Q3 2023. The first joint solar park project in Sweden was realised in Varberg on the Swedish west coast in April 2022 with a generation capacity of 5 MW. Encavis and Solgrid aim to jointly develop further solar parks in Southern Sweden with a total generation capacity of more than 100 MW. The plan is to bundle several projects to sign a long-term PPA. In the meantime, Encavis will sell short- and mid-term hedged electricity contracts.<\/span><\/span><\/span><\/strong><\/span><\/span><\/span><\/p>\n\n\n\n

“At Encavis we are excited about the second successful project of our partnership with Solgrid in Sweden. It does not only bring us closer to our capacity expansion in line with our growth strategy \u2018>> Fast Forward 2025\u2019, it also strengthens our presence in Scandinavia, which is one of the most interesting new solar energy markets in Europe<\/i>\u201d, welcomes Mario Schirru<\/span><\/span>, Chief Investment Officer\/Chief Operations Officer (CIO\/COO) of Encavis AG, the new acquisition.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n\n\n\n

\u201cWe are very pleased to strengthen our partnership with Encavis even further. The solar plant in V\u00e4stervik will, as the solar plant Varberg Norra, be owned by the joint company EnSol Nordic. We are looking forward to realising more projects together with Encavis in Sweden in the years to come\u201d<\/span><\/span><\/i> says Kristin Melsnes, CEO of Solgrid AS.<\/span><\/span><\/span><\/span><\/span><\/span>
 <\/p>\n\n\n\n

Contact:<\/span><\/span><\/b><\/span><\/span><\/span><\/span>
ENCAVIS AG                                                                                          <\/span><\/span><\/b><\/span><\/span><\/span><\/span>
J\u00f6rg Peters                                                                                            <\/span><\/span><\/span><\/span><\/span><\/span>
Head of Corporate Communications & IR<\/span><\/span><\/span><\/span><\/span><\/span>
Tel.: + 49 40 37 85 62 242                                                     <\/span><\/span><\/span><\/span><\/span><\/span>
E-Mail: <\/span><\/span>joerg.peters@encavis.com<\/span><\/a><\/span><\/span><\/span><\/span><\/span><\/p>\n\n\n\n

Contact:<\/span><\/span><\/b><\/span><\/span><\/span><\/span>
SOLGRID AS<\/span><\/span><\/b><\/span><\/span><\/span><\/span>
Kristin Melsnes<\/span><\/span><\/span><\/span><\/span><\/span>
CEO<\/span><\/span><\/span><\/span><\/span><\/span>
Tel.: +47 952 95 342<\/span><\/span><\/span><\/span><\/span><\/span>
E-Mail: <\/span><\/span>kristin@solgrid.no<\/span><\/a><\/span><\/span><\/span><\/p>\n\n\n\n

24.11.2022 CET\/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial\/Corporate News and Press Releases.
Archive at www.eqs-news.com
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