Encavis secures EUR480mn final close for Encavis Infrastructure II fund

Following this placement success, the fund administered by HANSAINVEST LUX S.A. has reached maximum equity of EUR480 million (US$579.70 million). Encavis Asset Management AG is in charge of the portfolio construction and the operational management of the power plants. So far, wind and solar parks have been realized in the Euro markets of Germany, the Netherlands, Finland, and France.

The fund's currently installed total nominal power of more than 350 megawatts already saves up to 190,000 tonnes of climate-damaging CO₂ emissions each year. In total, this special fund for banks will be able to realize an investment volume in the wind and solar parks of well over 1 billion euros.

Encavis Asset Management AG is a wholly-owned subsidiary of SDAX-listed Encavis AG and, as part of the Encavis Group, benefits from their many years of experience and a broad industry network.

Encavis AG is one of the leading independent power producers (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. Encavis Group's total generation capacity currently equals approximately 2.7 gigawatts (GW).