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ENCAVIS AG

DGAP-News: ENCAVIS AG / Key word(s): Alliance/Expansion
ENCAVIS AG:

04.06.2020 / 07:00
The issuer is solely responsible for the content of this announcement.



Corporate News

ENCAVIS and Sunovis conclude a cooperation agreement
for a 200 MW+ portfolio of solar projects in Germany

Hamburg/Singen, June 4, 2020 - Encavis AG (Prime Standard, ISIN: DE0006095003) concludes a cooperation agreement with Sunovis GmbH for a 200 MW+ portfolio of subsidy-free solar projects in Germany. The construction of two highly efficient photovoltaic plants with a total output of approx. 120 MW at two different locations in Germany is expected to begin within one year. The photovoltaic power plants save around 65,000 tonnes of CO2 per year by generating green electricity.

With this innovative cooperation, Encavis will take over ready-to-build facilities and will be responsible for project financing as well as the design, negotiation and conclusion of the long-term Power Purchase Agreement (PPA). Encavis is thus securing further subsidy-free open-space plants in Germany, one of the most sought-after solar locations in Europe. As general contractor, Sunovis is responsible for the professional implementation of these photovoltaic power plants and takes over the entire range of project development services as well as the construction and maintenance of the plants.

"We are very pleased to be able to realize solar projects for the free electricity market on a significant scale in our home country with an already proven partner," said Dr. Dierk Paskert, CEO of Encavis AG, welcoming the opportunity to make a contribution to the Group's growth strategy, >>Fast Forward 2025, in Germany as well.

This is not the first cooperation between the two successful companies. In 2017 and 2019, Sunovis GmbH has already built two plants with a total of 14.3 MW, which were acquired by Encavis.

"Our photovoltaic projects combine the aspect of sustainability with the desire for a secure investment. We pay close attention to the selection of our partners. With Encavis we have a strong partner at our side, with whom we are not least connected by the high and sustainable quality standards that Sunovis stands for", says Raphael Huber, CEO of Sunovis GmbH.

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 producer (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

 

About Sunovis:
Sunovis is a competent partner in the realization of turnkey photovoltaic power plants throughout Europe. Thanks to the complete service concept from a single source and comprehensive know-how, Sunovis guarantees the sustainable exploitation of green energy with reliable returns. An experienced team of specialists at the company's headquarters in Singen (Baden-Württemberg) and a large network of international partners enable a fast reaction time for dynamic developments in the PV market.

Further information about the company can be found at www.sunovis.de


Contact:

Sunovis GmbH

Raphael Huber (CEO)
Hegau Tower / Maggistr. 5
D - 78224 Singen
Tel.: + 49 7731 93 98 12 10
E-Mail: r.huber@sunovis.de



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
http://www.encavis.com
Twitter: https://twitter.com/encavis


04.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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: 1062457

 
End of News DGAP News Service

1062457 04.06.2020 

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Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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