Encavis fund acquires 30-MWp solar project in France

Solar panels in France. Photo by: BayWa re renewable energy GmbH (www.baywa-re.fr).

December 14 (Renewables Now) - Encavis Infrastructure Fund II (EIF II), a special fund marketed exclusively by BayernLB, has purchased a 30-MWp solar photovoltaic (PV) park in France due to be switched next year.

Germany’s Encavis Asset Management AG, which is a unit of wind and solar park operator Encavis AG (ETR:CAP), advised EIF II on the acquisition. The deal was announced in a bourse filing on Monday without financial details.

The so-called Blueberry solar park is located in Chateauroux in the region of Center-Val de Loire. Once commissioned in the first quarter of 2021, its operation will be supported by long-term feed-in tariffs (FiTs). German renewables developer BayWa r.e. is the developer of the project.

"Including this acquisition, our overall portfolio, which we have built up and currently manage for institutional mandates, has increased to almost 840 MW," said Karsten Mieth, speaker of Ecavis’ management board.

EIF II is administered by Service-KVG HANSAINVEST LUX SA

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