Encavis sheds 36.2-MW Austrian wind portfolio stake

La Chapelle-Glain wind farm, France. Image by Energiequelle.

December 27 (Renewables Now) - German wind and solar farm operator Encavis AG (ETR:ECV) said today it is selling its remaining 51% stake in its 36.2-MW wind portfolio in Austria to domestic utility Wien Energie GmbH.

Wien Energie already owns 49% of the portfolio of three wind parks. Namely, those are the Pongratzer Kogel and Herrenstein plants in Styria state and the Zagersdorf park in Burgenland.

The value of the transaction was kept under wraps. "The very first time we exceptionally sell a wind farm portfolio in total due to its minor size and comparably limited growth perspectives in this energy market,” said Encaivs’ CFO Christoph Husmann.

The deal expands Wien Energie’s wind farm fleet to roughly 190 MW. The 16 power plants in the portfolio will generate enough electricity to cover the consumption of more than 200,000 homes, it estimates. The Austrian utility also has solar parks and hydropower stations among its renewable energy assets.

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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