encavis

Italy is the most attractive European country for solar development, according to the chief of staff of German independent power producer (IPP), Encavis.

PV Talk: JP Kock of IPP Encavis discusses why the competitive landscape of Europe's solar market is in store for a shake-up.

A round-up of news coming from Europe, with IPP Encavis acquiring a 265MW solar PV portfolio in Italy, Iberdrola starting construction on 366MW of solar PV in its home country and IPP Sonnedix signing a renewables supply agreement with a subsidiary of Volkswagen in Spain.

Matthias Taft, the chief executive officer of renewables developer BayWa r.e., will leave the company at the end of August.

Europe will see “moderate” electricity demand increase in the coming years, despite the global growth of data centres and AI.

Encavis has commissioned a 114MW solar park in Borrentin, Germany, the largest project in its German portfolio.

Leading a consortium of investors via a holding company, Elbe BidCo, KKR acquired 87.41% of outstanding shares in Encavis at €17.50 per share.

Development of the projects has already begun according to the companies, which have collaborated in the past.

Encavis has secured €145 million in financing to complete the construction of the 260MW Bartow solar park in Germany.

German renewables company BayWa r.e has sold a 95MW solar PV plant in Spain to independent power producer Encavis Asset Management.