DGAP-News ENCAVIS AG increases green electricity production by 29% in 2020

Encavis AG increases green electricity production by 29% in 2020

Hamburg, February 23, 2021 SDAX-listed wind and solar farm operator Encavis AG (Prime Standard, ISIN: DE0006095003, ticker symbol: ECV) increased electricity generation from renewable energies by a significant 29% in 2020. Electricity production increased from around 2.66 terawatt hours (TWh) in the previous year to around 3.43 TWh in 2020, setting a new record.

The full-year effect of the acquisitions of further wind and solar parks was responsible for the strong increase. An effect that will be even stronger in the current fiscal year 2021 in particular, after the two Spanish large-scale PV projects Talayuela (300 MWp) and La Cabrera (200 MWp) will contribute green electricity for the first time in their full-year production in 2021.

Encavis makes a significant contribution to sustainable and climate-friendly energy supply through the generation of electricity from renewable sources. In 2020, the renewable energy generated by the Encavis Group through the use of photovoltaic and wind power alone avoided the emission of more than 1.25 million tons of CO₂, which is harmful to the climate.

"Despite the relatively average weather conditions for solar and wind power in many parts of Europe in the past year, the high availability of our plants in contrast, have again enabled Encavis to make a record contribution of CO₂ savings to the carbon footprint," Dr. Dierk Paskert, CEO of Encavis AG, affirmed the company's power production figures. "We will expand our portfolio internationally in line with our >>Fast Forward 2025 growth strategy and further improve our operational efficiency and performance to be able to report very good results in the future," Dr. Paskert underlined the Group's sustainable growth ambitions.