Encavis Asset Management has purchased an additional wind farm in France and a solar farm in the Netherlands for its special fund Encavis Infrastructure Fund II (EIF II)
The purchase agreement for the Bois Gautier wind farm, located in western France with a total generation capacity of 11,75 MW, has been signed with Energiequelle, a developer of projects and operator of wind, biomass and photovoltaic systems.
The wind farm consisting of five Enercon E-92 wind turbines was newly installed and began to work at the end of September 2020.
In addition, by the end of this year, the Dutch Tynaarlo solar park will be extended by 6.7 MW. The Tynaarlo 2 floating solar farm will be installed on a quarry pond not far from the city of Groningen. The PV system is being developed and implemented by the Dutch project developer GroenLeven, a member of BayWar r.e. Group.
“These acquisitions are yet another step on our growth path. Our overall portfolio, which has been invested and managed on behalf of institutional investors, currently adds up to almost 800 MW. This enables us to save more than 420,000 tons of CO2 per year. And the journey continues: The amount of institutional investors who want to invest sustainably has increased significantly.”Karsten Mieth, speaker of the board of Encavis asset management.