Encavis AG

In recent years, the electricity market has been - and continues to be - characterized by the rapid expansion of #RenewableEnergies. Volatile electricity generation in particular is creating a changed market environment and requires the legal situation for the market to be adapted. As a producer of green energy, we are directly shaping the #EnergyTransformation. ⚡Quo Vadis EEG? The Renewable Energy Sources Act (in German #EEG) has created the basis for the expansion of renewable energies. With around 60% of electricity production in the energy mix, renewable energies are fundamentally changing the market. The once static supply from conventional power plants is becoming more dynamic due to the volatility of green energy. This is increasingly leading to oversupply, for example due to solar radiation at midday. This results in up to 20% of negative price hours per year, which are nevertheless remunerated under certain conditions in accordance with §51 EEG and therefore burden the EEG household account. ⚡Open for discussion: Adjustment proposals from the German Federal Ministry for Economic Affairs and Climate Protection (Bundesministerium für Wirtschaft und Klimaschutz) 1. Remuneration based on the electricity actually fed into the grid (production-dependent): This alternative largely corresponds to an adapted form of the previous EEG and is based on the contract-for-difference (CfD) model. Here, the remuneration for the electricity fed into the grid is determined by comparing the reference price on the electricity exchange with a predetermined remuneration. The state pays the difference or the plant operator pays it to the state, i.e. the operator receives the same price for every kWh fed into the grid. 2. Remuneration based on the potential possible feed-in (production-independent): This alternative is based on the theoretically possible feed-in and depends on a reference plant that corresponds to a standardized technical status of wind or PV plants, i.e. the operator receives a sum of money each year regardless of his own production. ⚡Encavis’ Position In line with the German Association BDEW Bundesverband der Energie- und Wasserwirtschaft e.V., we recommend a CfD-based market volume model for the revision of the EEG. This model continues to be based on the logic of the previous EEG, but replaces the fixed funding period of 20 years with a predetermined funding volume. If negative price hours are no longer remunerated, there is a direct incentive for operators to switch off systems at such times and take advantage of the subsidy at a later date when prices are positive. Wind and PV systems could be managed in a system-friendly manner, while uncertainties about remuneration on the market are avoided. Encavis also recommends that the Fed. Ministry issue targeted tenders for capacity mechanisms in line with production-independent remuneration and test them in a real laboratory. Where do you think the EEG should be heading?

Our team for RE-Source Platform Amsterdam. Have fun! #ppa

Ivonne Briceño from our Energy Portfolio Management team was at UNEF Spanish Solar Association's #ForoSolar and gained some exciting impressions. 

Meet our PPA team at RE-Source Platform 2024 from 24-25 October in Amsterdam. Have a chat with them and find out all about Encavis' PPA solutions: Martin Scharrer, Head of PPA Origination Matthias Gladasch, PPA Origination Manager  Nicolas Mora-Guarda, PPA Origination Manager Afonso Domingues, PPA Analyst

Today is the day: The first packages of our Pixi books, which are all about biodiversity in the solar park, are packed and on their way to many primary schools in Hamburg! 🎒📚 We are delighted that the feedback from schools has been consistently positive and that we have been able to arouse children's curiosity with these books. With this campaign, we want to sensitise the next generation to the important topics of renewable energies and biodiversity. 🌍✨ #Encavis #RenewableEnergy #ClimateProtection #Sustainability #Education #Future

Our colleagues at Encavis Asset Management are proud to announce the successful sale of a 48 MW European #wind farm portfolio on behalf of an institutional investor. Transactions like this require deep expertise in managing infrastructure portfolios. The team consistently excels in navigating complex tenders and aligning diverse European investor interests. Well done! More information in the press release 👉 https://ow.ly/TfBu50TIx9U #EncavisAG #EncavisAM #Teamwork #Sustainability #RenewableEnergy #Infrastructure

What a journey, truly! Encavis AG has come a long way. Your story beautifully captures the growth and transformation of the company, Dr. Christoph Husmann. We are very excited about the future🌟

Ok, the sun's gone in Hamburg, but hey, we've got wind now. 🍂 Here are a few fascinating facts about wind and its power to produce green energy: 🌬️ Inexhaustible energy source: Wind is a renewable energy source created by the sun’s heating of the Earth’s surface. So the sun has its rays in play here too. ☀️ 🌬️ Historical milestones: As early as the 9th century, Persians used windmills for irrigation and grinding grain. 🌬️ Modern wind turbines: The first modern wind turbine was built by James Blyth in Scotland in 1887. 🌬️ Global wind power: Denmark is a leader in wind energy, generating over 50% of its electricity from wind turbines. The country aims to be completely fossil fuel-free by 2050, with wind energy playing a crucial role. To ensure that we always know exactly how the wind market is developing, we regularly take our team to trade fairs and events. This week we pulled up our collars and set sail for WindEnergy Hamburg. We wish you a windy day. #WindEnergy #RenewableEnergy #Sustainability #Encavis #GreenFuture #Wind

At Encavis, we’re all about converting wind and solar energy into electricity. This time we have set ourselves the task of converting pasta into forward motion and went cycling - in Tuscany! 🚴♀️ It was all about health and the community of wonderful people. Over 60 participants have done over 16.000km together on their bikes. 💪 #Health #Community #Tuscany #Cycling #Fun #Padel #Encavis #GreenEnergy

🌞🚀 Our team works every day to drive forward the energy transition. In doing so, we rely on partnerships and cooperation. The goal of a safe and clean future can only be achieved together. We are therefore particularly pleased to have signed another framework agreement with Innovar Solar GmbH for the development of solar projects in Germany with a rolling capacity of 500 megawatts (MW). "Rolling" means that as individual projects are successfully developed, new projects will follow, so that 500 MW is always being developed in parallel. A big thanks to our partners at Innovar Solar! Together, we’re making strides towards a more sustainable future! 💡🔋 Find out more: https://ow.ly/5QV950ToQg1 #EncavisAG #RenewableEnergy #SolarPower #Sustainability #Energiewende #Partnerships #InnovarSolar #EnergyTransition