Encavis Unit Offloads 93 MW of European Wind, Solar Assets

Source: www.gulfoilandgas.com 11/29/2023, Location: Europe

Encavis Asset Management, a subsidiary of MDAX-listed wind and solar park operator Encavis AG, has completed the sale of a Renewable Energy portfolio with a total capacity of 93 megawatts (MW) for an institutional investor.

The European portfolio, to date successfully managed by Encavis Asset Management (Encavis AM), comprises a total of nine wind farms with a total capacity of 76 MW and two solar parks with a total capacity of 17 MW. Five wind farms are situated in France, two in Germany, and one each in Sweden and the United Kingdom. The solar parks include one in France and one in Italy.

Karsten Mieth, Spokesman of the Management Board of Encavis Asset Management, emphasises the importance of such transactions in modern asset allocation and says: "The comprehensive investor advisory services and the sales support for this successfully completed transaction demonstrate our active management of managed infrastructure portfolios. In a complex market environment, our services for institutional investors such as in this international tender and the professional handling of interest from numerous institutional investors are decisive strengths in asset management."

Encavis Asset Management received advisory support from Augusta & Co as Sell Side Financial Advisor, Watson Farley Williams as Legal Advisor, Natural Power as Technical Advisor, and Mazars as Financial Due Diligence Advisor.


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