EQS-News: ENCAVIS AG
EQS-News: ENCAVIS AG
/ Key word(s): Expansion/Investment
Corporate News
The newly to be founded company EEV wants to focus on the purchase and operation of wind and photovoltaic systems in Germany in the field of renewable electricity generation. At the same time, related technologies, such as battery storage and the marketing of electricity generated from Renewable Energies, are also to be part of the common approach. Through shares in the holding company KEW, which will be founded by badenova at the start, this cooperation solution is also open to other partners who can participate in long-term investments in wind and PV. “The cooperation solution developed with badenova shows that we are on the right track with our Accelerated Growth Strategy 2027, and that we are taking giant steps towards our expansion targets in the field of wind and solar parks by 2027. With this new cooperation model, we have already created the basis for advancing 200 million euros in investments through minority participations of the equity partners after only several months. This is clear evidence of the huge demand for our new solutions to supply the market with Renewable Energy,” welcomes Dr Christoph Husmann, Spokesman of the Management Board and CFO of Encavis AG, the cooperation with badenova. “We as badenova want to have built one gigawatt of installed capacity with renewable energies by 2035. This will be done primarily through the projects we have developed in our region, but to a certain extent also through nationwide participations. The cooperation solution developed here offers the opportunity, together with Encavis and other partners, to grow also nationwide through wind and PV projects in the future,” said badenova CEO Heinz-Werner Hölscher, commenting on the cooperation. He adds: “We have already had very good experiences and successful projects with Encavis in the past and are looking forward to working with them and other partners on further projects.” The contribution of badenova to the supra-regional expansion of the Encavis cooperation is examined project by project and will thus develop over time. In addition, the cooperation is to be further expanded by including other partners, such as regional energy suppliers, municipal utilities and municipalities in the KEW.
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. 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 their “A” level and ISS ESG with their “Prime” label. Additional information can be found on www.encavis.com
About badenova: Their variety of innovative, modern and individual product and service packages also make a major contribution to climate protection and thus ensure a future worth living in. Further information about the company can be found at www.badenova.de
27.07.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | |
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: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1689291 |
End of News | EQS News Service |
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1689291 27.07.2023 CET/CEST
Encavis AG Aktie
Die Community unterstützt Encavis AG leicht, mit mehr Buy- als Sell-Einschätzungen.
Obwohl das Kursziel von 15 € unter dem aktuellen Kurs von 17.02 € für Encavis AG liegt, zeigt sich ein negatives Potenzial von -11.87%.