EQS-News: ENCAVIS AG reaches ready-to-build (RTB) status for a further solar park in Denmark with a generation capacity of 132 megawatts
EQS-News: ENCAVIS AG
/ Key word(s): Expansion/Acquisition
Corporate News
"In about two and a half years, we have more than 280 MW of generation capacity from photovoltaic projects of our Strategic Development Partner GreenGo Energy in Denmark realised or under construction", says Mario Schirru, Chief Investment Officer/Chief Operating Officer (CIO/COO) of Encavis AG, welcoming the project's ready-to-build status. He adds: "Our Danish solar park portfolio now comprises almost 400 MW and, together with Germany (over 400 MW) and Spain (583 MW), is one of our largest solar park portfolios in Europe. The involvement of Encavis in Denmark is thus also a contribution to the further diversification of our activities in the growth market of subsidy-free solar energy.” Commissioning of the state-of-the-art park, with bifacial solar modules mounted on single-axis trackers, is expected for the first quarter of 2026. It is planned to sign a 10-year pay-as-produced Power Purchase Agreement (PPA). “This is a milestone. For us, for our partnership with Encavis and for the green energy transition in Denmark. We have now reached RTB of this expansive 270+ hectare solar park in Ringkøbing. With a capacity of 132 MW it is one of the largest solar parks in Denmark. The project forms a natural second and larger phase of the M01 project we jointly commissioned with Encavis earlier this year, and it is a clear demonstration of momentum for the energy transition in Denmark. Further it is a testament to our scalable platform and how we advance large project portfolios efficiently with recurrent partners like Encavis AG”, says Karsten Nielsen, CEO of GreenGo Energy.
About ENCAVIS: 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 specialized 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
GreenGo Energy has 19 GW of solar, wind, BESS and P2X projects in various stages of development and construction in seven U. S. states and in Northern Europe , of which more than 4.5 GW have been contracted through partnership agreements with Tier-1 investors in the renewable space. GreenGo Energy is headquartered in Denmark, with over 100 employees serving customers worldwide. To learn more, visit www.greengoenergy.com
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07.09.2023 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: | 1720623 |
End of News | EQS News Service |
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1720623 07.09.2023 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%.