DGAP-News: ENCAVIS AG SPEARHEADS POST-SUBSIDY ORGANISATIONAL TRANSFORMATION
DGAP-News: ENCAVIS AG
/ Key word(s): Miscellaneous/Strategic Company Decision
Leading renewable energy IPP works with Pexapark to upgrade its operating system as it seeks to double in size in the post-subsidy market Working with Pexapark, a provider of software and advisory services for a post-subsidy renewable energy world, Encavis is among the first IPPs to undertake a substantial upgrade of its operating system, building in new in-house capabilities for Power Purchase Agreement (PPA) Origination, Energy Portfolio Management and Energy Risk Management. These new functions will enable effective energy sales, active management of energy risks, and thorough risk reporting - all of which are fundamental aspects of operating in the post-subsidy market environment. They will be essential in supporting plans to double the size of Encavis' operational portfolio to 3.4GW by 2025. "We are seeing a paradigm shift in the renewable energy market," said Dr Dierk Paskert, CEO of Encavis. "While acquiring and operating single assets has served us well in subsidised markets, economies of scale are critical to staying competitive in the merchant environment, where the way energy is traded has completely changed. In practice, this means we need to build and actively manage large, diversified portfolios to maintain the margins our investors are looking for." "To do that effectively, we - along with our peers in the industry - must fundamentally rethink our operating system. It is time to invest in the capabilities that will help us navigate, and ultimately benefit from, this transition." The organisational transformation at Encavis has been undertaken in four phases and spans its front-, middle- and back-office functions. These changes have been designed to give Encavis full transparency of the new risk exposure it faces in merchant markets, alongside the tools not only to mitigate, but also to intelligently manage that exposure on a portfolio-wide basis in order to realise opportunities and increase profitability. New teams created in the structural reorganisation include a PPA Origination team, - a dedicated energy sales department responsible for sourcing and structuring PPAs - and an Energy Portfolio Management team focused on managing merchant energy production that is not bound in long-term contracts. These teams are backed up by an Energy Risk Management function, built from scratch, that uses quantitative analysis expertise to assess changing long-term exposure to market risks and set limits for new deals being signed. Pexapark has acted as an independent guide throughout the upgrade project, bringing its extensive energy trading and quantitative analysis expertise to the table. This has helped Encavis build its in-house competency in each of these new areas and challenge its assumptions about the best organisational structure to support the growing IPP as it scales. Pexapark will continue to support Encavis by providing ongoing advisory services and access to advanced software tools that directly support the optimal construction and management of growing portfolios and strengthen daily risk management practices. "Encavis is a frontrunner in the race to bolster energy sales and risk management capabilities for the post-subsidy world," added Michael Waldner, CEO of Pexapark. "This new market environment will bring both risk and reward, but IPPs and investors who take action soon to adapt their operating system stand to gain the most. As we strive for net zero, these leaders are setting the stage for the next phase of renewable energy development and commercial operation." Contact: Encavis AG Jörg Peters Head of Corporate Communications & IR ------------------------------------------------------------ Große Elbstraße 59 22767 Hamburg Fon: + 49 40 37 85 62-242 Fax: + 49 40 37 85 62-129 e-mail: [email protected] http://www.encavis.com Twitter: https://twitter.com/encavis
06.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | ENCAVIS AG |
Große Elbstraße 59 | |
22767 Hamburg | |
Germany | |
Phone: | +49 4037 85 62 -0 |
Fax: | +49 4037 85 62 -129 |
E-mail: | [email protected] |
Internet: | https://www.encavis.com |
ISIN: | DE0006095003 |
WKN: | 609500 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1254292 |
End of News | DGAP News Service |
|
1254292 06.12.2021
Encavis AG Aktie
Encavis AG ist ein kleiner Community-Favorit mit mehr Buy- als Sell-Einschätzungen.
Das niedrigere Kursziel von 15 € im Vergleich zum aktuellen Kurs von 17.02 € für Encavis AG führt zu einem negativen Potenzial von -11.87%.