Encavis raises €450 million after year of European solar expansion

Facebook
Twitter
LinkedIn
Reddit
Email
Envacis' Krumbach solar park. Image: Encavis

Solar and wind park operator Encavis AG has raised €450 million (US$543.2 million) to build renewables projects in Europe.

The fund, which was launched by Encavis Asset Management and distributed by state-owned German bank Bayern LB, attracted 50 institutional investors.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

A spokesperson for the BayernLB Alternative Investments teams said that institutional investors have showed “substantial interest in renewable energy funds” and has already started work on a successor to Encavis’ previous funding round.

It follows a year of acquisitions, deployment drives and rising revenues for the asset operator. Encavis’ H1 revenues rose by 8% to €154.8 million last summer, which the group said was driven by the addition of new wind farms in Denmark. The company expects its 2020 full-year revenues and earnings to reach around €280 million and €220 million respectively.

The company bolstered its renewable asset portfolio this year with more solar parks in Germany, France and the Netherlands. Encavis also sped up the development of two solar projects in Spain hindered by COVID-19 restrictions to ensure their completion by the end of 2020.

Karsten Mieth, chief executive of Encavis Asset Management, said the fund proved attractive due to the operator’s “excellent market access and pipelines” alongside positive market forecasts for the renewables sector as a whole.

“For investors, many things simply fit together well,” Mieth said.

“Very good market forecasts, stable and solidly calculated returns, our excellent market access and pipelines as well as an investment opportunity that takes into account regulatory and banking requirements in the best possible way.”

Read Next

July 11, 2025
Sabanci Renewables, the North American subsidiary of Turkish conglomerate Sabanci Holdings, is building a 156MWdc solar project in McLennan County, Texas.
July 11, 2025
Renewable electricity generation has grown more than twice as fast as total global electricity generation since 2012, according to the International Renewable Energy Agency (IRENA).
July 11, 2025
Indian independent power producer (IPP) Juniper Green Energy has commissioned an additional 71MWp at Chapalgaon Solar Project in Solapur, Maharashtra.
July 11, 2025
The Australian Energy Market Operator (AEMO) has revealed that several utility-scale solar PV power plants experienced curtailment of above 25% in the National Electricity Market (NEM) in 2024.
July 10, 2025
German renewables company BayWa r.e. has secured a €3 billion (US$3.5 billion) loan for 'operational initiatives and pipeline expansion.'
July 10, 2025
US renewables developer Invenergy has launched commercial operations of 250MW Fairbanks Solar Energy Center in Sullivan County, Indiana. 

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK