Encavis acquires 14 MW solar park in the Netherlands

German solar and wind park operator Encavis AG has acquired the 14,1 MW »Zierikzee« solar park in the province of Zeeland, Netherlands. The solar system was connected to the power grid at the end of 2018. The electricity generated by the park is sold long-term for 15 years for a fixed renumeration of almost €0.11 ($0.13) per kilowatthour, hereafter to the then prevailing market price. According to the company, the total investment including project-related financing costs amounts to €10.6 million ($11.8 million). The unnamed seller holds a remaining share of 10 percent in the solar park.
Moreover, the three ready-for-construction solar parks acquired by Encavis in 2018 have been completed and connected to the Dutch power grid. This includes the 43.9 MW »Budel« solar park, »the largest Dutch solar park of Encavis,« says the company. The park was taken over by the company as part of the strategic partnership with the UK project developer Solarcentury in March 2018. Encavis’s active generation capacity in the Netherlands increased to some 106 MW.
In December, Encavis subsidiary Encavis Asset Management AG obtains commitments from institutional investors to invest equity capital in excess of €180 million ($206 million). According to the company, the capital will be used to build up broadly diversified portfolios of wind and solar parks in various European countries. Besides the diversification across energy generation types and regions, it is planned to acquire both plants benefiting from government-guaranteed feed-in tariffs and parks operated on the basis of long-term power purchase agreements (PPA).

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