Encavis Realises Acquisition of Warnsdorf Wind Farm for Special Fund

Source: www.gulfoilandgas.com 6/9/2021, Location: Europe

Encavis Asset Management AG (EAM), a subsidiary of the MDAX-listed wind and solar farm operator Encavis AG, has acquired wind farm Warnsdorf in the district of Prignitz/Brandenburg. The 12 turbines with a total capacity of 43.2 MW, can provide more than 40,000 households with green electricity and avoids more than 47,000 tons of harmful CO2 annually. The turbines were projected by the energy park developer UKA, which will continue the technical park management.

"With feed-in-tariffs guaranteed for 20 years, the Warnsdorf wind farm ideally fits into the diversified portfolio of our special fund and is further proof that we are able to realise new and lucrative wind energy projects even in these challenging times," Karsten Mieth, CEO of Encavis Asset Management, comments on the successful transaction.

"I am very pleased that we were able to successfully conclude the transaction despite the current Corona crisis and thus continue the good cooperation with EAM," says Gernot Gauglitz, Managing Partner of the UKA Group.

The newly acquired power plants are part of the Encavis Infrastructure Fund II (EIF II), a special fund launched by EAM. The EIF II, offered exclusively by BayernLB and regulatory designed specifically for cooperative and savings banks, is administered by the service KVG HANSAINVEST LUX S.A. These banks attach great importance to stable and predictable cash flows regarding their investment strategy and risk management.


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