<

CAPITALSTAGE AG (FRA:CAP) ENCAVIS AG increases shareholding to 100% in several solar parks

Transparency directive : regulatory news

25/05/2020 07:05

DGAP-News: ENCAVIS AG / Key word(s): Acquisition/Investment
ENCAVIS AG increases shareholding to 100% in several solar parks

25.05.2020 / 07:05
The issuer is solely responsible for the content of this announcement.



Corporate News

Encavis increases shareholding to 100% in several solar parks

Hamburg, May 25, 2020 - Encavis AG (Prime Standard, ISIN: DE0006095003) follows its strategy to own 100% of all solar parks within its corporate portfolio consequently. Latest acquisition of the residual shares (20%) of the Spanish major solar project La Cabrera (200 MW total capacity) from its strategic development partner Solarcentury is one bullit proof of this strategy.

Recently Encavis took over the remaining 49% of the solar park Brandenburg/Havel (18.7 MW total capacity) including the plot of land. Majority participation of 64% of the already fully consolidated solar park Bitterfeld (6 MW total capacity) had been acquired, too.

"We acquire systematically residual minority stakes of the few solar parks where we are yet not a 100% owner," welcomed Dr Christoph Husmann, CFO of Encavis AG, the latest acquisitions and added, "we will make use of such opportunities hereafter."
 

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 generators (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


Contact:

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


25.05.2020 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: 1054041

 
End of News DGAP News Service

1054041  25.05.2020 

fncls.ssp?fn=show_t_gif&application_id=1054041&application_name=news&site_id=symex


Other stories

18/05/2024 15:26
18/05/2024 19:20
18/05/2024 17:40
18/05/2024 18:32
18/05/2024 16:26
18/05/2024 08:47
18/05/2024 18:50
18/05/2024 20:05
18/05/2024 19:19
18/05/2024 12:37
18/05/2024 20:54
18/05/2024 17:00
18/05/2024 17:08
18/05/2024 18:49
18/05/2024 18:43
18/05/2024 18:00
17/05/2024 20:25
18/05/2024 13:51
18/05/2024 12:41
17/05/2024 20:08
16/05/2024 23:30
18/05/2024 13:57
18/05/2024 12:53
18/05/2024 18:33
18/05/2024 16:04
18/05/2024 10:01
17/05/2024 20:38
18/05/2024 18:39
18/05/2024 19:26
18/05/2024 16:30
17/05/2024 07:36
17/05/2024 01:00
17/05/2024 09:00
17/05/2024 12:09
18/05/2024 20:16
18/05/2024 15:52
18/05/2024 08:18
17/05/2024 17:40