EQS-News

ENCAVIS remains on its growth trajectory in Germany, significantly enhancing its energy production capacity with the construction of its 114-megawatt solar park in Borrentin

EQS-News: ENCAVIS AG / Key word(s): Expansion/Alliance ENCAVIS remains on its growth trajectory in Germany, significantly enhancing its energy production capacity with the construction of its 114-megawatt solar park in Borrentin 20.03.2024 / 07:03 CET/CEST The issuer is solely responsible for the content of this announcement.

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ENCAVIS remains on its growth trajectory in Germany, significantly enhancing its energy production capacity with the construction of its 114-megawatt solar park in Borrentin

Hamburg, 20March 2024 – Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is collaborating with BELECTRIC to build a large-scale and high-performance solar farm in Borrentin (Mecklenburg-Western Pomerania), with a capacity of 114 MW and an annual power generation of 119 GWh. BELECTRIC is one of the leading EPC service providers in the design, construction and operation of solar power plants in Europe and will also take over the Operation and Maintenance (O&M) together with Stern Energy.

 

“Together with BELECTRIC, we are building Encavis AG’s largest solar park in Germany to date in Borrentin. After completion, our connected generation capacity in our home market will increase to a total of 677 MW. We appreciate the excellent cooperation with BELECTRIC, which brings us a significant step forward on the way to reaching the 7 GW generation capacity ambition in Europe by 2027,” commented Mario Schirru, CIO/COO of Encavis, on the start of construction.

 

The start of this major project was yesterday's groundbreaking ceremony, which was attended by ENCAVIS, BELECTRIC and other project partners as well as Peter Rabe, the Mayor of Borrentin, and representatives of the community and the press.

 

“We are proud that ENCAVIS AG has now chosen us as a partner for the construction of this exciting large-scale project after several years of good cooperation. Thus, we are once again underlining our strong presence in our home market of Germany,” explains Thorsten Blanke, Managing Director of BELECTRIC.