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ENCAVIS AG: Encavis AG increases green electricity production again by 29% in 2021
DGAP-News: ENCAVIS AG / Key word(s): Expansion/Sales Result
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Encavis AG increases green electricity production again by 29% in 2021
Hamburg, January 27, 2022 - SDAX-listed wind and solar park operator Encavis AG (Prime Standard, ISIN: DE0006095003, ticker symbol: ECV) increased electricity generation from Renewable
Energies again by a significant 29% in 2021. Electricity production increased from around 3.43 terawatt hours (TWh) in the previous year to around 4.42 TWh in 2021, setting again a new record.
Rather on average weather conditions in many parts of Europe hindered a clearly higher output of energy production in the past year. The portfolio of Encavis AG achieved an increase of 31% to 2.75 TWh electricity production from Renewable Energies as well as the portfolio of Encavis Asset Management (EAM) grew by 24% to 1.66 TWh electricity production and reached new record highs despite significantly less favourable wind conditions in first-half of 2021 and a fourth quarter with noticeable less sunshine than in the previous year.
PV plants in total dominated with growth rates of +72% at Encavis AM and +73% at Encavis AG the growth of Renewable Energy production. The full-year effect of the two Spanish large-scale PV plants
Talayuela (300 MWp) and La Cabrera (200 MWp) was responsible for the strong increase. Talayuela, having been connected to the grid on January 4, 2021, reached its full output mid of March 2021 and
generated electricity of around 490 GWh in 2021. La Cabrera, connected to the grid already since October 1, 2020, injected around 400 GWh of green electricity into the grid in 2021.
The Encavis Group increased its own generating capacity connected to the grid in 2021 by 848 megawatts (MW) in total. Thereof 435 MW connected to the grid by Encavis AG and 413 MW by Encavis Asset Management. Generating capacities of the Group grew disproportionatelly from 209 MW via 481 MW to 848 MW in line with the same development in both operating business units since 2019.