July 2 (Renewables Now) - German wind and solar park operator Encavis AG (ETR:CAP) said today its asset management arm has supported the purchase of several renewable energy assets at home and in France with a combined capacity of 36 MW.
Encavis Asset Management AG has advised two Luxembourg special funds on their latest renewable energy investments. More specifically, it acted as investment advisor to the special fund Encavis Infrastructure Fund II SA (SICAV-RAIF), which bought the 14-MW Gussenstadt wind farm in the Heidenheim district of Baden-Wuerttemberg. This four-turbine facility was put into operation in April 2018.
SICAV-RAIF was set up by Encavis in cooperation with Bayerische Landesbank and is managed by HANSAINVEST LUX.
At the same time, special fund CHORUS Infrastructure Fund SA (SICAV-SIF), managed by Hauck & Aufhaeuser, has acquired two open-space solar photovoltaic (PV) plants in southern France totalling 22 MW. Both facilities benefit from long-term feed-in tariffs (FiTs), Encavis said.
Karsten Mieth, CEO of Encavis Asset Management, pointed out that the company has experienced a steady rise in the number of its mandates, investors and sales in recent months.