DGAP-News: ENCAVIS AG acquires an operational 81 MW wind farm portfolio in Denmark

2019. december 13., péntek, 06:35







DGAP-News: ENCAVIS AG


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ENCAVIS AG acquires an operational 81 MW wind farm portfolio in Denmark








13.12.2019 / 06:35




The issuer is solely responsible for the content of this announcement.




Corporate News


ENCAVIS AG acquires an operational 81 MW wind farm portfolio in Denmark



Hamburg, December 13, 2019 - Encavis AG (ISIN: DE0006095003, Prime Standard), listed on the SDAX, continues to pursue its strong growth targets and acquires a portfolio of eight wind parks which are already in operation with a total capacity of 81 MW in Denmark. Advantage of this portfolio is the diversified local wind risk of the eight locations. High quality turbines of Vestas and Siemens Gamesa provide a technical availability above 99%. The OEMs service them with industry-standard long-term maintenance contracts with terms of 3 to 15 years. Annual power production of around 214,000 megawatt hours corresponds to the energy consumption of more than 50,000 households. Revenues of 13.4 million euros per annum are expected from the power marketing within the Danish remuneration system based on a normalized year. The enterprise value of the Danish wind park portfolio amounts to around 108 million euros with an equity share of just under 52 million euros of Energi Danmark A/S.



"We have once again achieved excellent growth of 295 MW in 2019 without reducing our ambitious IRR expectations. We will continue and further improve our growth path in the years to come", emphasized Dr. Dierk Paskert, CEO of Encavis AG, the successful execution of the focused growth strategy of the Group.




About ENCAVIS:

Encavis AG (Prime Standard; ISIN: DE0006095003 / WKN: 609500) is a producer of electricity from renewable sources listed in the SDAX of Deutsche Börse AG. As one of the leading Independent Power Producers (IPPs), Encavis acquires and operates solar parks and (onshore) wind farms in ten European countries. The plants for sustainable energy generation generate stable returns through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPAs). Within the Encavis Group, Encavis Asset Management AG specializes in the area of institutional investors.


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














13.12.2019 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.

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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: 935349





 
End of News DGAP News Service





935349  13.12.2019 



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