Encavis AG's asset management division has successfully divested a 93-MW portfolio of wind and solar parks across various European countries on behalf of an institutional investor. The parent company made the announcement on Wednesday, refraining from disclosing financial details related to the transaction.
The portfolio in question comprises nine wind farms with a collective capacity of 76 MW and two solar parks totaling 17 MW. Geographically, five of the wind parks are situated in France, two in Germany, and the remaining two in Sweden and the UK, respectively. The photovoltaic (PV) plants are located in France and Italy.
Karsten Mieth, spokesperson for Encavis Asset Management's management board, commented on the deal, stating, “In a complex market environment, our services for institutional investors such as in this international tender and the professional handling of interest from numerous institutional investors are decisive strengths in asset management.”
This move follows Encavis Asset Management's recent acquisition of a 31-MW agrivoltaic park in the Netherlands for its BayernLB-marketed special fund, Encavis Infrastructure Fund II (EIF II).
