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Encavis AG Expands Solar Park Portfolio in France

Power News - Published on Thu, 09 Jul 2020

Image Source: Encavis AG Solar Power
Encavis AG has expanded its French solar park portfolio and now owns 100% of 12 further solar parks in France with a total capacity of 75 megawatts. The acquisition of the remaining shares of 15% makes that Encavis 100% owner of all its French solar parks. In the first half of 2020, Encavis had already increased its ownership to 100% in the Spanish large-scale solar project La Cabrera with 200 megawatts total capacity, the Brandenburg Havel solar park with 18.7 megawatts total capacity and the Bitterfeld solar park with 6 megawatts total capacity.

Encavis AG CFO Dr Christoph Husmann said "Through acquisition of minority shares in our solar parks, we are consistently implementing our growth strategy >>Fast Forward 2025. Whenever Encavis has the opportunity to acquire missing minority shares in our solar park portfolio on economically convincing terms, we will take advantage."

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Posted By : Yogender Pancholi on Thu, 09 Jul 2020
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