Encavis buys 74 MWp solar bundle in the Netherlands

German solar and wind farm operator Encavis AG (ETR:ECV) has agreed to acquire five solar parks in the Netherlands with a total capacity of 74 MWp from Norwegian renewables company Statkraft A/S to boost its generation capacity in the country to 180 MWp.

Three of the facilities totalling 50 MWp are already in operation and the other two parks will go online in the next months, Encavis said on Friday.

All five parks will receive subsidies under the Dutch scheme SDE+ for a period of 15 years.

Under the deal, the operation and maintenance (O&M) and long-term asset management services for the assets will be provided by Statkraft which developed and built the solar farms.

The German company's current portfolio in the Netherlands includes four solar parks with a capacity of 105.6 MW. The acquisition will raise the generation capacity of Encavis to nearly 1.9 GW and bring the German company a step closer to its goal of reaching more than 3.4 GW.

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