Encavis raises EUR215.5 million equity for Encavis Infrastructure II

Encavis Asset Management AG has raised additonal EUR215.5 million (US$257.8 million) equity for the EIF II, a special fund marketed exclusively by BayernLB. The fund managed by HANSAINVEST LUX S.A. now has a fund volume of EUR418.1 million (US$500 million) equity.

Thirty-three percent of the fund volume has already been invested in wind and solar parks. All these renewable energy plants generate stable returns and are located in mature regional markets with reliable investment conditions in the EUR-currency countries Germany, The Netherlands and France. With a total generation capacity of currently 250 megawatts the EIF II yearly saves more than 130,000 tons of climate-damaging CO2 emissions.