DGAP-News: Encavis Asset Management AG / Keyword(s): Financing/Expansion
09.02.2022 / 07:00
The issuer is solely responsible for the content of this announcement.

Company News

Encavis Asset Management AG’s new alternative investment fund, EIF IV, receives its first capital commitments and completes the acquisition of a high-performance wind farm in Ireland

Neubiberg/Munich, February 9, 2022Encavis Asset Management AG (Encavis AM), a subsidiary of SDAX-listed wind and solar farm operator Encavis AG (ISIN: DE0006095003, Prime Standard, Ticker Symbol: ECV) has successfully advised the acquisition of an onshore wind farm in Ireland with ABO Wind AG via its subsidiary ABO Wind Ireland Ltd. This is the inaugural transaction of the EIF IV special fund, which was launched with BayernInvest Luxembourg SA at the end of 2021.

The wind farm will have a total of seven turbines representing a production capacity of 23.6 megawatts (MW). Three turbines, each with a capacity of 3.6 MW, have been in operation since 2019. Three similar turbines will be connected to the grid in the first quarter of 2022, and the final seventh turbine is expected to be operational by mid-2023. By then, the seven turbines will all be connected to the grid and will supply green electricity to approximately 24,800 households and save almost 26,400 tonnes of CO2 annually. In addition, this investment contributes to Ireland’s energy policy of generating at least 80% of the country’s electricity demand from renewable sources by 2030.

The wind turbines are located in County Donegal, in the northwest of the Republic of Ireland. This location enjoys excellent wind resources with average wind speeds of over 8 meters per second.

Encavis Infrastructure Fund IV (EIF IV) acquired the wind farm, BayernLB being the exclusive distributor of this fund. Like its predecessor, this alternative investment fund is aimed at credit institutions while meeting their regulatory and risk management specificities. BayernInvest Luxembourg SA, being the AIFM, is responsible for the management of the fund. It applies a sophisticated investment strategy in line with Article 9 of the EU Regulation on Sustainability-Related Disclosures in the Financial Services Sector (SFDR).

“Strong demand from institutional investors for sustainable investment opportunities remains high. The wind farm in Ireland is the first acquisition in a long-term stable portfolio for the recently launched EIF IV Special Fund,” said Karsten Mieth, Chairman of the board of directors of Encavis. Asset Management AG.

Ralf Rosenbaum, Managing Director of BayernInvest Luxembourg summarizes: “The objective is to build a highly diversified portfolio in terms of technologies (onshore wind and solar) and locations in Europe with a targeted fund volume of 500 million euros. “

About Encavis Asset Management AG:

Encavis Asset Management AG offers institutional investors tailor-made portfolios and fund solutions for investments in the growing renewable energy market. The Company has been successfully investing in this sector since 2006, covering the entire value chain from asset sourcing to operational investment management.

Encavis Asset Management AG is a wholly owned subsidiary of Encavis AG, listed on the SDAX (ISIN: DE0006095003, Prime Standard, Ticker Symbol: ECV) and, as part of the Encavis Group, benefits from their many years of experience and of a vast industrial network.

Encavis AG is one of the leading independent power producers (IPP) in the field of renewable energies in Europe. The Company acquires and operates solar power plants and wind farms (onshore) in Germany and ten other European countries. The Encavis Group’s total generation capacity is currently approximately 3.1 gigawatts (GW).

Encavis AG is a signatory to both the United Nations Global Compact and the UN PRI and environmental, social and governance performance has been rated by ISS ESG and MSCI ESG, two of the world’s leading ESG research and rating agencies and has received the ISS ESG Prime-Label (B) label and MSCI AA rating.

Please visit our website www.encavis-am.com for more information.

About BayernLB

As a targeted specialist bank, BayernLB is an important investment financier for the Bavarian and German economy. He is committed to progress. Its customers – corporates, savings banks, institutional investors and the public sector – are at the heart of its sustainable activities. In its corporate client business, BayernLB focuses on future-oriented sectors such as mobility, energy, technology, construction and basic materials, mechanical and plant engineering. The bank supports companies in these sectors in particular in the successful development of their business model. As a real estate financier, the Group offers 360-degree expertise across the entire value chain of real estate businesses – and in many asset classes. BayernLB is the central bank of the Bavarian savings banks and has been a proven partner of the Bavarian and German savings banks for decades. As a TechBank, the subsidiary of the DKB Group offers its more than 4.5 million customers an exceptional customer experience and excellent digital solutions. BayernLB is owned by the Free State of Bavaria and the Association of Bavarian Savings Banks.

About BayernInvest Luxembourg SA

Since 1991, we have been successfully active in the field of mutual funds and special funds in the financial center of Luxembourg. With a volume of 100 billion euros under management in special and public funds as well as institutional asset management mandates (as of 28.02.2021), the BayernInvest group is one of the ten largest capital management companies German. We see ourselves as a service provider offering specialized and personalized investment products (UCITS and AIF) in Germany and abroad. Customer orientation and satisfaction are our highest standards. Service and quality orientation is a matter of course for us.

Contact for press inquiries

Encavis S.A.
Tanja Van den Wouwer
Head of Sustainable Development and Communications
Telephone +49 89 44230 6025
[email protected]

BayernLB
Andreas Zimniok
Communications Manager
Telephone +49 89 2171 21306
[email protected]

BayernInvest Luxembourg SA
Ralf Rosenbaum
Director
Telephone +35 2282 62440
[email protected]

Fund Distribution Contact

BayernLB
Ruth Kerschagl
Director
Sales Manager Sparkassen & Own Business
Telephone +49 89 2171 23281
[email protected]

09.02.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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