EQS-News: ENCAVIS and Innovar Solar sign framework agreement for solar projects with a total volume of 160 megawatts
EQS-News: ENCAVIS AG
/ Key word(s): Expansion/Alliance
Corporate News
Eight projects are located close to motorways and railways or in other areas privileged by construction law for use for open-plan PV systems. The sites are subject to the Renewable Energy Act (EEG) and can partly be approved and implemented in a timely manner. All projects still benefit from the Feed-in Tariffs (FIT) of the EEG with a term of 20 years. One of the nine projects sells the electricity through a long-term pay-as-produced Power Purchase Agreement (PPA). Mario Schirru, CIO/COO of Encavis AG, welcomes the signing of the framework agreement and says: “The number of interesting projects in the market is increasing significantly again. We are very pleased about this, as we are making further progress on the path of accelerated growth and massive expansion of our capacities to a total of 8 gigawatts by 2027. Thanks to the cooperation with Innovar Solar, we are now able to significantly strengthen our project pipeline of Strategic Development Partnerships in one of our focus markets”.
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
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31.08.2023 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: | 1715405 |
End of News | EQS News Service |
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1715405 31.08.2023 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%.