German wind and solar park operator Encavis AG (ETR:CAP) said today it has acquired an 81-MW portfolio of operational wind farms in Denmark from an unnamed vendor.
The eight wind power plants are located in eight different areas and are capable of supplying over 50,000 homes per year. Their Vestas and Siemens Gamesa turbines generate around 214,000 MWh of electricity annually, the marketing of which is expected to bring EUR 13.4 million in revenues per year, Encavis said.
All wind farms have operation and maintenance (O&M) contracts with Vestas Wind Systems (CPH:VWS) and Siemens Gamesa Renewable Energy (BME:SGRE). Their terms range from three to 15 years.
The enterprise value of the portfolio stands at EUR 108 million (USD 120.7m). Danish energy trading company Energi Danmark A/S holds an equity share in it that is estimated at less than EUR 52 million.
The latest deal brings Encavis’ wind capacity additions in 2019 to 295 MW. "We will continue and further improve our growth path in the years to come", said CEO Dierk Paskert.
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.