Encavis Asset Management AG has connected two solar projects with a combined generation capacity of 45 MW to the power grid in Germany. The 22 MW Saturn solar park was constructed around a pre-existing wind power plant. Meanwhile, the 23 MW Dagon solar park is comprised of 9 individual sites and sits alongside Federal Highway 60.
These acquisitions are expected to contribute to the Encavis Infrastructure Fund II (EIF II), which is an Alternative Investment Fund for credit institutions, particularly savings banks and cooperative banks. Encavis Asset Management AG is responsible for the structuring of the projects and oversees commercial management, energy management, accounting, as well as the controlling of both solar parks.
The two ground-mounted photovoltaic plants will generate green electricity for a total of around 17,000 households and contribute to a yearly reduction of about 17,000 tonnes of harmful CO2 emissions. These latest developments represent a significant milestone for Encavis Asset Management AG as it continues to expand its renewable energy portfolio across Germany.
Octopus Energy has announced its acquisition of an 11.4 MW wind project located on a disused site of a former US air station near Prüm in west Germany. The wind farm is composed of two Nordex tur...
Read moreHamburg has completed the construction of an 80 MW wind power-to-heat project located at the site of the coal-fired thermal power station Wedel. The facility, powered by wind energy, will transf...
Read moreclearvise AG has secured the construction permit for the development of its 10 MWp Heiligenfelde solar photovoltaic project located in Altmark, Sachsen-Anhalt, Germany. The Heili...
Read moreRWE has commenced the construction of its 220 MW/235 MWh battery energy storage system (BESS) located in Neurath and Hamm, North Rhine-Westphalia, Germany. The EUR140 million (US$150.7 million) projec...
Read moreEnBW Energie Baden-Württemberg AG has announced the sale of a 24.95% minority stake in its subsidiary, TransnetBW, to Südwest Konsortium Holding GmbH. The consortium, led by SV SparkassenVer...
Read more