Corporate News<\/p>\n\n\n\n
ENCAVIS acquires two solar parks (105 MWp) in Denmark from European Energy <\/b>
Hamburg, December 28, 2021 – The SDAX-listed wind and solar park operator Encavis AG (Prime Standard, ISIN: DE0006095003, ticker symbol: ECV) has signed a purchase agreement for two solar parks in Denmark with a generation capacity of 105 megawatts (MWp) in total. The subsidy-free solar park Svinningeg\u00e5rden in the North-Western part of Zealand represents a generation capacity of 34 MWp and is already connected to the grid. Solar park R\u00f8dby Fjord, Lolland, (71 MWp generation capacity) in the very South-Western part of Zealand will be connected to the grid in Q1\/2022.<\/b>
European Energy has developed, constructed, and sold the two solar parks to Encavis. The produced electricity will be sold under long-term Power Purchase Agreements (PPA) over ten years to reputable Tech-Companies, based on a pay-as-produced structure. Additionally, R\u00f8dby Fjord will benefit from a 20-year Feed-in-Tariff (FiT) from the Danish Ministry of Energy, Utilities and Climate.<\/p>\n\n\n\n
“The acquisition of Svinningeg\u00e5rden and R\u00f8dby Fjord from European Energy strengthens our market position in Denmark and bolsters our partnership with one of the leading Renewable Energy developers in the Nordics. The two projects diversify our PV portfolio in Northern Europe, jump-start our PV generation capacity in Denmark on short notice to more than 100 MWp, and increase our generation capacity to close to 1.9 gigawatts (GW) within the Encavis Group” underlined Dr Dierk Paskert, CEO of Encavis AG, the ongoing growth trajectory of the Group, aiming for a generation capacity of more than 3.4 GW. 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 “AA” and ISS ESG with their “Prime” label.<\/p>\n\n\n\n Additional information can be found on www.encavis.com <\/p>\n\n\n\n Founded in 2004, European Energy has developed for more than 2 GW of energy capacity and is currently constructing for more than 1.2 GW of renewable energy capacity.
“We are proud to expand our partnership with Encavis, a leading European IPP with an excellent track record. European Energy will work closely together with Encavis on a long-term basis to ensure that the two solar parks reliably deliver green energy and contribute to Denmark’s energy transition goals” Knud Erik Andersen, CEO of European Energy A\/S, welcomed the next large-scale transaction of European Energy.
About ENCAVIS:<\/b>
Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from renewable energies listed on the SDAX of Deutsche B\u00f6rse AG. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates solar parks and (onshore) wind farms in eleven 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 more than 3.0 gigawatts (GW), which corresponds to a total saving of around 1.31 million tonnes of CO2<\/sub> per year. Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors.<\/p>\n\n\n\n
About European Energy:<\/b>
European Energy develops, finances, constructs and operates wind and solar farms as well as large-scale PtX plants. Based in Copenhagen, Denmark, the company has a strong track record as a renewable energy operator across its 18 countries of operation.<\/p>\n\n\n\n
Follow us at www.europeanenergy.com,
on https:\/\/twitter.com\/EuropeanEnergy_
or on https:\/\/www.linkedin.com\/company\/european-energy-as\/
Contact: <\/b>
Encavis AG <\/b>
J\u00f6rg Peters
Head of Corporate Communications & IR
Tel.: + 49 (0)40 37 85 62 242
E-Mail: joerg.peters@encavis.com<\/a>
http:\/\/www.encavis.com
Twitter: https:\/\/twitter.com\/encavis<\/p>\n\n\n\n