ENCAVIS acquires six more wind farms in 2023

Acquisition of further solar parks planned to be accounted for FY 2023

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ENCAVIS

Hamburg – Hamburg-based wind and solar park operator Encavis AG, acquired six wind farms with a total generation capacity of 88 megawatts (MW) at the end of the financial year 2023, generating around 228 gigawatt hours (GWh) of green electricity annually. 49 MW of this total capacity is already connected to the grid. ENCAVIS had set itself the goal of acquiring a total of 750 GWh of additional electricity production per year in the financial year 2023. With the acquisition of the new wind farms alone, this target was almost reached, with a total of 720 GWh per year.

In addition, the acquisition of further solar parks, which would still be attributable to the financial year 2023, is planned.

“In total, we will increase the newly acquired electricity production in the financial year 2023 to 720 GWh per year. With the still possible acquisitions of further solar parks, ENCAVIS will exceed its announced target for the financial year 2023,” said Mario Schirru, CIO/COO of Encavis AG, welcoming the successful final sprint of acquisitions at the turn of the year 2023/24.

Four of the six wind farms were acquired by ABO Wind. A wind farm in Finland (30 MW), already connected to the grid, is expected to generate around 98 GWh of green electricity annually. It will be sold to a corporate offtaker via a pay-as-produced PPA with a term of 10 years from October 2024. Three more wind farms in North Rhine-Westphalia and Rhineland-Palatinate (around 27 MW in total) will also be connected to the grid this year. The sale of the annual electricity production of around 57 GWh is secured by an EEG Feed-in Tariff (FIT) over a period of 20 years.

Another wind farm (around 19 MW) in Saxony, which is already connected to the grid, was acquired from UKA Group. The expected annual electricity production of around 50 GWh is also secured by an EEG Feed-in Tariff with a 20-year term.

From BayWa r.e., ENCAVIS acquired a wind farm (12 MW) in Rhineland-Palatinate with an annual electricity production of around 23 GWh. It will shortly be connected to the grid. This park also has a guaranteed EEG Feed-in Tariff with a term of 20 years.

The two wind farms in North Rhine-Westphalia are equipped with Nordex wind turbines of the N131 and N133 series, while the third wind farm in Rhineland-Palatinate, also acquired by ABO Wind, is equipped with Enercon wind turbines of the E160 series. All other wind farms are operated with Vestas V162 series wind turbines.

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