ENCAVIS invests 30% in Stern Energy SpA

Encavis AG, the Hamburg-based solar and wind park operator listed on the SDAX, has acquired a minority stake of 30% in its long-term Operation and Management (O&M) partner, Stern Energy SpA, in order to strengthen its technical solar services business.

The investment in Stern is an important strategic step forward for Encavis to build-up a significant Europe-wide presence in the technical solar services business. The competitive advantage in serving all segments of the value chain will strengthen the already existing O&M business platform. Encavis counts on several years of successful collaboration with Stern who is already responsible for the technical operations of a major part of the Italian and UK portfolio of Encavis as well as parts of the Dutch portfolio.

Encavis AG has significantly expanded its portfolio over the past years. It comprises a total of 175 solar parks and 69 wind parks in ten European countries with a total generation capacity of close to two gigawatts (2 GW). The choice to appoint Stern as preferred O&M contractor in all existing solar plants, reduces costs and offers additional economies of scope in Encavis' technical services business.