EQS-News
ENCAVIS AG and ILOS sign framework agreement for a 300 megawatts pipeline of solar projects in Italy – expanding ENCAVIS’ solar project pipeline to 2.6 gigawatts - Seite 2
The complete documentation for the respective approval procedures has been submitted or will be submitted shortly for all projects. The pipeline projects are expected to reach ready-to-build (RTB) in the short to mid term. The plan is to bundle several of these Italian projects after completion in order to conclude long-term power purchase agreements (PPAs) based on a pay-as-produced structure.
"Our partnership with Encavis showcases ILOS's commitment to excellence in the development of green-field PV projects, utilising state-of-the-art engineering solutions to ensure high yields and returns," states Sergio Chiericoni, Managing Director of ILOS Italy.
About ENCAVIS:
Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from Renewable Energies listed on the MDAX of Deutsche Börse AG. As one of the leading independent
power producers (IPP), ENCAVIS acquires and operates (onshore) wind farms and solar parks in twelve European countries. The plants for sustainable energy production generate stable yields through
guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). The Encavis Group's total generation capacity currently adds up to more than 3.4 gigawatts (GW), which corresponds to
a total saving of more than 1.4 million tonnes of CO2 per year. Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors.
Encavis is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG's environmental, social and governance performance has been awarded by two of the world's leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with their "A" level and ISS ESG with their "Prime" label.
Additional information can be found on www.encavis.com
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About ILOS:
The Omnes Capital Venture ILOS Projects GmbH was established with a focus on PV development within Europe. Omnes is providing the development capital, whilst a structured credit facility from EIG
Global Energy Partners is covering the construction equity and acquisition capital for ready-to-build assets. The ambition is to develop a significant pipeline and become an IPP that operates PV
assets in the core markets of Europe.