Encavis Asset Management AG: Insurance group mandates Encavis AM as investment advisor
Insurance group mandates Encavis Asset Management as investment advisor - first fund transactions already successfully concluded.Neubiberg/Hamburg, October 23, 2019: Encavis Asset Management AG (Encavis AM), a subsidiary of the SDAX-listed Hamburg solar and wind park operator Encavis AG (Prime Standard, ISIN: DE0006095003) based in Neubiberg near Munich, continues to establish itself as a sought-after asset management partner for institutional investors. A well-known insurance group has entrusted Encavis AM with the investment consulting of its special fund. The fund, with a target volume in the three-digit million euro range, shall invest in a portfolio of solar and wind farms. The general framework of the fund was jointly developed by the partners. With this fund, the insurance group intends to make a further contribution to the energy revolution and generate attractive returns with an interesting risk-return profile.
The first fund transactions with a volume of 32 megawatts (MW) have already been successfully executed. The recently completed acquisition of the French wind park "Les Landes" now adds a further 18 MW to the portfolio. Additional wind and solar parks in Central Europe are in due diligence. "We are currently examining solar parks and several wind farms in detail. We pay the highest attention to ensuring that they are optimally in line with our investor's ideas," said Karsten Mieth, CEO of Encavis Asset Management AG, explaining the ongoing reviews.
About Encavis Asset Management AG:
Encavis Asset Management AG offers institutional investors tailor-made portfolios and fund solutions for investments in the growth market of renewable energies. The company has been investing successfully in this area since 2006, covering the entire value chain from asset sourcing to operational management of the assets.
Encavis Asset Management AG is a wholly-owned subsidiary of Encavis AG and benefits as a part of the Encavis Group, from the company's many years of experience and a broad industry network.
Encavis AG is one of the leading independent and listed electricity providers (IPPs) in the field of renewable energies in Europe. The company acquires and operates solar power plants and (onshore) wind farms in Germany and nine other European countries. The Encavis Group's total generation capacity currently exceeds 1.9 gigawatts (GW).
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 Asset Management AG Tanja Van den Wouwer Head of Marketing & Communications Tel.: + 49 (0)89 44230 6025 E-Mail: firstname.lastname@example.org
End of Media Release Issuer: Encavis Asset Management AG Key word(s): Energy
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