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ENCAVIS AG, DE0006095003

ENCAVIS AG, DE0006095003

29.06.2020 - 07:09:34

ENCAVIS AG acquires wind farm in Germany with a total of 14.4 megawatts of generation capacity


/ Key word(s): Acquisition

ENCAVIS AG acquires wind farm in Germany with a total of 14.4 megawatts of generation capacity

29.06.2020 / 07:07

The issuer is solely responsible for the content of this announcement.

Corporate News

Encavis acquires wind farm in Germany with a total of 14.4 megawatts of generation capacity

Hamburg, June 29, 2020 - Encavis AG (Prime Standard, ISIN: DE0006095003) acquires four of five wind turbines (WTG) from Windpark Viertkamp in the district of Stade in Northern Lower Saxony. The four wind turbines were connected to the grid between December 2019 and February 2020. The fifth and identical WTG belongs to local residents and was already commissioned in 2018. This turbine of the Vestas V126/3.6 type, with a hub height of 137 metres, already produced significantly more green electricity in 2019 than expected. Encavis expects to produce 12.45 GWh p.a. per WTG, or 49.8 GWh per year for the remaining 24.5 years of the project's 25-year life-time cycle. The land is leased for 20 years, with two five-year extension options.

The green electricity is paid for under a fixed Feed-in-Tariff regime in accordance with the German Energy Feed-In Act for a total of 20 years after initial operation until year-end of 2039. These four wind turbines save around 30 thousand tonnes of climate-damaging CO2 emissions every year.

"Our focus on the acquisition of wind turbines that have already proven their efficiency in operation is paying off," said Dr Dierk Paskert, CEO of Encavis AG, welcoming the latest acquisition of this wind farm in Germany, adding that "we will gladly take advantage of such opportunities in the future."About ENCAVIS: Encavis AG (Prime Standard; ISIN: DE0006095003 / WKN: 609500) is a producer of electricity from renewable sources listed on the SDAX of Deutsche Börse AG. As one of the leading independent power producers (IPPs) Encavis acquires and operates solar parks and (onshore) wind farms in ten European countries. The plants for sustainable energy generation generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). Within the Encavis Group, Encavis Asset Management AG specializes in the area of institutional investors.

Encavis AG's environmental, social and governance performance was evaluated by ISS-oekom, one of the world's leading ESG research and rating agencies and received the ISS-oekom Prime label.

Further information on the company can be found at www.encavis.com


Encavis AG

Jörg Peters Head of Investor Relations & Public Relations Große Elbstraße 59 22767 Hamburg Fon: + 49 40 37 85 62-242 Fax: + 49 40 37 85 62-129 e-mail: joerg.peters@encavis.com https://www.encavis.com Twitter: https://twitter.com/encavis 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: info@encavis.com Internet: 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: 1080645   End of News DGAP News Service

1080645  29.06.2020 

@ dgap.de