ENCAVIS AG secures EUR 300 million revolving credit facility to finance its Accelerated Growth Strategy 2027

Corporate News

ENCAVIS secures EUR 300 million revolving credit facility to finance its Accelerated Growth Strategy 2027
 

Hamburg, 26^th June 2024 – MDAX-listed wind and solar park operator Encavis AG (Prime Standard; ISIN: DE0006095003, ticker symbol: ECV) has signed a syndicated revolving credit facility in the amount of EUR 300 million. This significantly oversubscribed short-term credit facility until 30^th April 2025 serves to finance the acquisition of wind and solar projects under the Accelerated Growth Strategy 2027.

“This additional syndicated revolving credit facility will allow us to make further significant acquisitions in support of our Accelerated Growth Strategy 2027, also during the pending transition period related to the completion of the voluntary public tender offer by the KKR-led consortium”, welcoming Dr Christoph Husmann, Spokesman of the Management Board and CFO of Encavis AG, the closing of this financing.

The consortium of this syndicated revolving credit facility, led by the Dutch COÖPERATIEVE RABOBANK U.A., consists of a total of eight banks – in addition to long-term financing partners, Encavis AG also has new lenders at its disposal.

About Encavis:
The Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from Renewable Energies listed on the MDAX of Deutsche Börse AG. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates (onshore) wind farms and solar parks in twelve European countries. The plants for sustainable energy production generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). The Encavis Group’s total generation capacity currently adds up to more than 3.5 gigawatts (GW), of which around 2.2 GW belong to the Encavis AG, which corresponds to a total saving of around 0.8 million tonnes of CO₂ per year stand-alone for the Encavis AG. In addition, the Group currently has around 1.2 GW of capacity under construction, of which around 830 MW are own assets.

Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors. Another Group member company is Stern Energy S.p.A., based in Parma, Italy, a specialised provider of technical services for the installation, operation, maintenance, revamping and repowering of photovoltaic systems across Europe.

ENCAVIS is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG’s environmental, social and governance performance has been awarded by two of the world’s leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with their “AA” level and ISS ESG with their “Prime” label (A-).

Additional information can be found on www.encavis.com

Contact:
Encavis AG
Jörg Peters       
Head of Corporate Communications & Investor Relations
Tel.: + 49 40 37 85 62 242     
E-Mail: IR@encavis.com  
http://www.encavis.com