Encavis Asset Management AG
First closing of Encavis Infrastructure Fund ‘Renewables Europe II’
Neubiberg, 19 December 2018 – Encavis Asset Management AG has completed the first closing of its Encavis Infrastructure Fund, SICAV-RAIF Renewables Europe II (Renewables Europe II) for two German institutional investors. The targeted size of the fund is EUR 200 million. Bayerische Landesbank (BayernLB) acts as distribution partner.
“Renewables Europe II” invests in renewable energy plants and relies on a balanced diversified portfolio. The investments focus on solar and wind parks in Europe, preferably in Germany, Austria and France. The Encavis special fund has already chosen and secured its first investment targets, namely three German wind parks and one German solar park. The second closing is expected to take place in the first quarter of 2019. The planned investments are under review.
Encavis Asset Management AG is a fully owned subsidiary of Encavis AG and, as part of the Encavis Group, profits from the latter’s many years of experience and broad industry network. Encavis AG is one of Europe’s leading independent power producers (IPPs) in the field of renewable energy sources. The company acquires and operates solar power plants and (onshore) wind farms in Germany and nine other European countries. The total generation capacity of the Encavis Group is currently more than 1.9 gigawatts (GW). The environmental, social and governance-related (ESG) achievements of Encavis AG have been rated by ISS-oekom, one of the world’s leading ESG research and rating agencies, and were awarded the ISS-oekom’s Prime Label.
Encavis Asset Management AG End of Media Release Issuer: Encavis Asset Management AG
19.12.2018 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |