ENCAVIS launches further Strategic Development Partnership with GreenGo Energy in Germany
Hamburg-based wind and solar park operator Encavis AG, listed on the MDAX of Deutsche Börse AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) expands its involvement in the successful Strategic Development Partnership with GreenGo Energy. The framework agreement provides for a continuous pipeline of 500 megawatts (MW) solar park projects in Germany, in addition to the existing 600 MW continuous pipeline in Denmark.
“Together with GreenGo Energy, we have been able to realise more than 280 MW of solar generation capacity in Denmark in around two and a half years, some of which have already been connected to the grid. We now want to continue this track record of success together with our partner’s rapidly growing location in Germany,” Mario Schirru, Chief Investment Officer/Chief Operating Officer (CIO/COO) of Encavis AG, underlines the signed agreement.
The solar project pipeline from Encavis’ now 13 Strategic Development Partnerships in Europe will thus increase from 2.7 GW to 3.2 gigawatts.
“This new framework agreement with our strategic partner, Encavis AG, securing an additional 500 MW of solar projects in Germany, stands as a cornerstone of our ambitions in the European market. It represents the logical next step for us to expand our proven and highly successful Partnership model with Encavis into Germany where we are rapidly expanding our footprint and project pipeline. This agreement will take our joint project portfolio to the next level at a total of 1.1 GW", says Stefan Degener, Managing Director of GreenGo Energy in Germany.