Encavis buys rest of 300-MWp Spanish solar park from Statkraft

Solar park Krumbach, Germany. Image by Encavis AG.

December 29 (Renewables Now) - German independent power producer Encavis AG (ETR:ECV) today reported the acquisition of the 19.99% stake it did not already have in the 300-MWp Talayuela solar park in Spain, thus reaching the point where it owns 99.6% of its entire solar portfolio.

Encavis has bought the minority stake from Statkraft, which built both Talayuela and the 200-MWp La Cabrera solar photovoltaic (PV) plants prior to selling them to the German company.

Apart from the Spanish duo, Encavis now owns 100% of the 44-MWp Budel solar park in the Netherlands, the 19-MWp Brandenburg/Havel facility and the 6-MWp Bitterfeld solar farm, and in 12 additional solar plants in France totalling 75 MWp. Overall, the company owns in full all of its British, French, Italian and Spanish solar parks and close to 99% in those located in the Netherlands and Germany.

"Whenever Encavis had the opportunity to acquire missing minority shares post ramp-up phase of the parks from developers, we have taken advantage. Therefore we can state for the current portfolio: Mission completed," said Dierk Paskert, CEO of Encavis AG.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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