Encavis Asset Management AG Commences Construction of Major Solar Park for EIF IV, Set to Redefine Germany’s Renewable Energy Landscape

Encavis Asset Management AG (Encavis AM), a leading sustainable energy investment provider for institutional investors and a subsidiary of the MDAX-listed wind and solar park operator Encavis AG, embarks on the construction of an exceptional solar park for the Encavis Infrastructure Fund IV (EIF IV).

Spanning an expansive area of 205 hectares with a total capacity of 260 megawatts (MW), this solar park is set to be one of Germany’s largest. Strategically situated in the municipality of Bartow, approximately 150 kilometres north of Berlin, the location was carefully chosen to optimize solar radiation and efficiency. Construction of the ground-mounted solar plant will occur in two phases, with the first phase commencing in early March 2024. Commissioning is slated for the summer of 2025. Once operational, the solar park is expected to generate approximately 270,000 megawatt hours (MWh) of electricity annually, providing green power to approximately 96,000 households and preventing the emission of 100,100 tons of CO2 per year.

This solar park stands as a flagship project within the EIF IV portfolio, showcasing Encavis’ leadership and expertise in advancing renewable energies and executing sustainable energy initiatives.

Karsten Mieth, Spokesperson of the Board of Encavis Asset Management AG, emphasizes, “This monumental project underscores our proficiency in sophisticated investments in the renewable energy sector, contributing significantly to the energy transition. Leveraging our industry knowledge, we are dedicated to operating the solar park in an environmentally sustainable and economically viable manner.”

The EIF IV, exclusively offered by BayernLB, is currently open for investments, with approximately 50% of the fund’s target size already allocated. Tailored for credit institutions, particularly savings banks, cooperative banks, and additional institutional investors prioritizing stable cash flows and specific key reporting metrics, the fund is overseen by BayernInvest Luxembourg S.A. in its capacity as an Alternative Investment Fund Manager (AIFM)