{"id":4920,"date":"2024-07-10T05:07:00","date_gmt":"2024-07-10T05:07:00","guid":{"rendered":"http:\/\/encavis-wordpress.10.0.0.235.nip.io\/?p=4920"},"modified":"2026-07-23T16:12:20","modified_gmt":"2026-07-23T16:12:20","slug":"2801317-encavis-has-acquired-another-solar-park-in-spain-to-expand-its-generation-capacity-in-spain-to-more-than-800-mw-at-year-end-2025","status":"publish","type":"post","link":"https:\/\/new.encavis.com\/en\/newsroom\/press-releases\/2801317-encavis-has-acquired-another-solar-park-in-spain-to-expand-its-generation-capacity-in-spain-to-more-than-800-mw-at-year-end-2025","title":{"rendered":"ENCAVIS has acquired another solar park in Spain to expand its generation capacity in Spain to more than 800 MW at year-end 2025"},"content":{"rendered":"\n

Corporate News


ENCAVIS has acquired another solar park in Spain to expand its generation capacity in Spain to more than 800 MW at year-end 2025<\/strong>
 <\/p>\n\n\n\n

Hamburg, 10<\/b>th<\/sup><\/b> July 2024 <\/b>\u2013 Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche B\u00f6rse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) expands its Spanish solar park portfolio with a further solar park in Andalucia. The Almod\u00f3var solar park (~95 megawatts (MW), 187 gigawatt hours (GWh) annual generation) acquired by BayWa r. e., close to C\u00f3rdoba, is already under construction and is expected to be connected to the grid in Q4\/2025.<\/p>\n\n\n\n

The solar park is being equipped with state-of-the-art monocrystalline PV modules mounted on single axis trackers. 76% of the electricity offtake has already been secured through a PPA (pay-as-produced) signed in December 2021 with a 10-year tenor, beginning with the grid connection planned for Q4\/2025.

According to the Pexapark European PPA Market Outlook for 2024, Spain remains the country with the largest volume and number of PPA deals for the fifth consecutive year in 2023, with a total of 4.7 GW in 2023. 4.3 GW across 37 contracts stem from Spain\u2019s solar PV sector. Due to demand for PPAs primarily attributable to the hedging needs of industrial companies, Pexapark expects that in 2024 the cumulated 20 GW mark for long-term PPAs in Spain will be exceeded.<\/p>\n\n\n\n

\u201cThe Spanish PV market has been and still is one of the fastest growing markets in Europe with 5.6 GW growth in 2023, thereby reaching 26 GW of installed PV capacity, second only to Germany,\u201d<\/i> Mario Schirru, CIO\/COO of Encavis AG, welcomes the latest acquisition in Spain. \u201cSpain and Germany will continue to be very important markets this year and Encavis has been active in the Spanish market for more than five years, having built up substantial knowledge and experience.\u201d<\/i> <\/p>\n\n\n\n

Encavis has recently acquired various projects from BayWa r.e. across several countries over the past years. Almod\u00f3var will in a first step be fully financed by equity by Encavis AG, with project financing planned for next year. together with further Spanish projects from Encavis\u2019 portfolio.<\/p>\n\n\n\n

About ENCAVIS:<\/b>
The Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from Renewable Energies listed on the MDAX of Deutsche B\u00f6rse AG. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates (onshore) wind farms and solar parks in twelve 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\u2019s total generation capacity currently adds up to more than 3.5 gigawatts (GW), of which around 2.2 GW belong to the Encavis AG, which corresponds to a total saving of around 0.8 million tonnes of CO2<\/sub> per year stand-alone for the Encavis AG. In addition, the Group currently has around 1.3 GW of capacity under construction, of which around 930 MW are own assets.<\/p>\n\n\n\n

Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors. 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.<\/p>\n\n\n\n

ENCAVIS is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG\u2019s environmental, social and governance performance has been awarded by two of the world\u2019s leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with their \u201cAA\u201d level and ISS ESG with their \u201cPrime\u201d label (A-), the Carbon Disclosure Project (CDP) with its Climate Score \u201cB\u201d and Sustainalytics with its \u201clow risk\u201d ESG risk rating.<\/p>\n\n\n\n

Additional information can be found at www.encavis.com <\/p>\n\n\n\n

Contact:
Encavis AG<\/b>
J\u00f6rg Peters
Head of Corporate Communications & Investor Relations
Tel.: +49 40 37 85 62 242
E-mail: ir@encavis.com
http:\/\/www.encavis.com<\/p>\n\n\n\n

10.07.2024 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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