Encavis AG

The Spanish solar ecosystem is thriving ☀️, and it was exciting to witness its dynamism firsthand at #ForoSolar in Madrid last week. My takeaways: 🔸The market is experiencing frequent low prices and even negative pricing hours, which necessitates better cash flow management and contract reviews. This volatility is structural and not just a temporary issue. 🔸Combining solar and wind with storage solutions, such as batteries, is crucial for future projects. Hybrid systems can help mitigate the effects of price volatility and improve the overall stability and profitability of renewable energy projects 🔸Curtailment, where excess energy production leads to wasted potential, can be significantly reduced with the implementation of storage solutions. Batteries and other storage technologies are essential to manage energy more effectively and ensure that surplus energy is stored and used when needed 🔸There is a need for clear regulatory frameworks and financial mechanisms to support the development and integration of storage solutions. This includes capacity markets and flexibility mechanisms that can provide the necessary incentives for investment in storage technologies. 🔸The future of the energy market will heavily rely on advanced storage solutions to stabilize prices and manage supply and demand effectively. As storage technologies become more affordable and efficient, their role in the energy market will become increasingly important, supporting the integration of renewable energy sources and enhancing grid stability. It was a great organization UNEF Unión Española Fotovoltaica 🙌 The panels were insightful, with great discussions among the speakers. It was also an excellent opportunity to meet stakeholders in person and look forward to shaping the future of the Spanish market Encavis AG

Encavis AG is proud to be sponsoring Re-Source 2024, taking place in Amsterdam on October 24-25. My colleagues and myself will be there - be sure to make an appointment! We are ready and eager to engage in discussions and share our experiences as we have achieved significant milestones over the past few years: ·        More than 950 MW in volume: Our PPAs are making a significant contribution to the global energy transition. ·        Over 1.3 TWh of electricity produced annually ·        As long-term asset owners we have built strong, lasting relationships with major corporations and utilities, ensuring reliable and sustainable energy solutions. Why PPAs are crucial: They provide long-term revenue certainty for solar or wind farms and stable energy prices for buyers, creating a win-win situation for both parties. 👥 Get in touch and meet us on site: Martin Scharrer, Head of PPA Origination Matthias Gladasch, PPA Origination Manager Nicolas Mora-Guarda, PPA Origination Manager Afonso Domingues, PPA Analyst Learn more about PPA solutions from Encavis: https://lnkd.in/d9D6anrf #RenewableEnergy #EnergyTransition #PPA #Encavis #Sustainability #ReSource2024

Let me tell you a story. 📖 Once upon a time, on 1 Oct 2014, I joined a #RenewableEnergy company named Capital Stage that would transform into the Encavis AG we know today. Back then, we were a small but dedicated team of 64 employees. We were a pure asset owner of 67 wind and solar parks across Germany, France, Italy, and the UK. Our generation capacity was a 0.4 gigawatts (GW), producing 319 gigawatt hours (GWh) annually. Our market capitalisation stood at €270m, our annual revenue at €78m, and we had a balance sheet total of around €1bn. As the years passed, our team grew, our ambitions expanded, and in 2018 our name changed to #ENCAVIS after merging Capital Stage and Chorus Clean Energy in 2016. By 2024, we have become a European powerhouse in the Renewable Energy sector, with over 400 employees. Today we are an asset owner and manager of 320 wind and solar parks with Asset Management services for third parties and an Operations & Maintenance (O&M) business. Our operations now span 12 European countries, and our generation capacity has increased to an impressive 3.6 gigawatts (GW), with an estimated annual production of around 3,500 gigawatt hours (GWh). Our market capitalisation has soared to €2.75bn, our guided revenue for this year is more than €460m, and we have a balance sheet total of €3.7bn. 💪 But numbers alone don’t tell the full story. Our journey has been one of relentless innovation and transformation. We embraced #digitalisation, integrating #ArtificialIntelligence (AI) into our operations, and ventured into new territories with our own battery storage technology in Hettstedt. These advancements are a testament to our commitment to #sustainability and our vision for the future. Now we stand on the brink of a new time for ENCAVIS. The equity capital market era is coming to an end, and the KKR era in the consortium with Viessmann and ABACON CAPITAL is about to begin. This transition marks a pivotal moment in our journey, filled with new opportunities and challenges. We are ready to embrace this new chapter with enthusiasm and determination. Our fantastic team, both existing and new members, will be the driving force behind mastering new challenges. Together, we will continue to push boundaries, innovate, and lead the way in the Renewable Energy sector. 👏 I am incredibly grateful to all our employees who have made this growth possible. Your dedication and hard work have been the cornerstone of our success. I have learnt so much from all of you! I also want to extend my heartfelt thanks to our project developers, EPC partners, project financing banks, investors, and all our other business and co-operation partners. We would not be here today without your support and collaboration. 🤝 As we embark on this new chapter, one thing is clear: we are ready for the future. Let’s go! I am looking forward to this new era with excitement and optimism. Together, we will achieve great things!

I am pleased to share that our Project Finance Team at Encavis AG has successfully closed a non-recourse project financing with BayernLB for our 114.2 MW solar plant in Borrentin, Germany...☀ Thanks to all who contributed to this achievement. This includes, amongst others: 👉 BayernLB‘s project finance team around Gunther Klein, CFA and Felix Wichert, 👉 Borrower Legal Advisord Dr. Kerstin Alexandra Block and team of CMS Deutschland (finance documentation), and Thies Goldner and team of Osborne Clarke (due diligence) 👉 Lender Legal Advisor Sven Fretthold and Finja Schmale of Watson Farley & Williams, 👉 Technical Advisor Marc Böhnke and Simon Haustein of Evergy Engineering GmbH, and 👉 Hedge Advisor Rishin Patel, Hugo Cusani and Karen Pang of Chatham Financial. Thanks to all for your support! 👍 Detailed information in the press release attached.