ENCAVIS Acquires Two More Solar Parks In Spain and Surpasses The Planned Expansion
Hamburg-based wind and solar park operator Encavis AG, expands its Spanish solar park portfolio with two more solar parks in Andalucia (Spain). The Lirios solar park (109 megawatts (MW), 220 gigawatt hours (GWh)/year) acquired by BayWa r. e., 35 kilometres west of Seville, is already under construction and is expected to be connected to the grid in Q4/2025. The La Florida Hive solar park (30 MW, 60 GWh/year) will be built south-east of Seville in Dos Hermanas and will be connected to the grid in the second half of 2025. It was developed by Hive Energy, who also developed a solar park project in Guillena, also in Andalucia, which Encavis acquired in 2022 and which will generate electricity already in the third quarter of this year.
"We have seized the excellent opportunity to further expand our Spanish solar park portfolio on a massive scale," Mario Schirru, CIO/COO of Encavis AG, welcomes the closing of the last two transactions of the fiscal year 2023. “With the additional 1 terawatt hour of electricity purchased in 2023, Encavis has not only far exceeded its expansion target for 2023 but has also specifically acquired projects in one of our focus markets that can be quickly connected to the grid.”
In fiscal year 2023, ENCAVIS purchased around 550 MW of new generation capacity. In the current mix of acquired wind and solar projects, this corresponds to an annual electricity production of 1,000 GWh or 1 TWh respectively. ENCAVIS thus surpasses its original target of acquiring an additional 750 GWh by a third, or more than 33 percent. Never before in the Company's history has the Group acquired such a large generation portfolio in a financial year as it did in 2023.
