Encavis AM’s Acquisition of Wind Park Warnsdorf in Prignitz/Brandenburg

Taylor Wessing advised Encavis Asset Management AG on the deal.

Encavis Asset Management AG (EAM), a subsidiary of the MDAX-listed wind and solar farm operator Encavis AG, has acquired wind farm Warnsdorf in the district of Prignitz/Brandenburg. The 12 turbines with a total capacity of 43.2 MW, can provide more than 40,000 households with green electricity and avoids more than 47,000 tons of harmful CO2 annually. The turbines were projected by the energy park developer UKA, which will continue the technical park management.

The wind park was planned and commissioned by the renewable energy developer UKA and provides sustainably produced energy to about 40,000 households. UKA will continue to provide technical park management.

The newly acquired assets will be contributed to the Encavis Infrastructure Fund II, a special fund launched by Encavis AM. The investment offer is aimed at credit institutions that want to invest in a diversified portfolio of wind and solar parks in Europe. The special fund is administered by HANSAINVEST Lux S.A.

Encavis Asset Management AG offers institutional investors customised portfolios and fund solutions for investments in the growth market of renewable energy sources. The company has been investing successfully in this sector since 2006 and covers the entire value chain from asset sourcing to operational management of the plants.

Encavis Asset Management AG is a fully owned subsidiary of Encavis AG and, as part of the Encavis Group, profits from the latter’s many years of experience and broad industry network.

Encavis AG is one of Europe’s leading independent power producers (IPPs) in the field of renewable energy sources. The company acquires and operates solar power plants and (onshore) wind farms in Germany and nine other European countries. The total generation capacity of the Encavis Group is currently more than 2.8 gigawatts (GW).

The Taylor Wessing included Lead Carsten Bartholl (Picture – Corporate Energy), Dr. Angela Menges (Corporate Energy), Jasmin Schlee, Dr. Gregor Jentsch (all Corporate Energy), Dr. Markus Böhme (Regulatory Energy), Hannes Tutt, Galya Stareva, (both Commercial Real Estate), Dieter Lang, Lars Borchardt (both Environmental).

Inhouse Encavis AM: Friedrich Adrian, Stefanie Schindler.

Involved fees earner: Carsten Bartholl – Taylor Wessing; Markus Böhme – Taylor Wessing; Lars Borchardt – Taylor Wessing; Gregor Jentsch – Taylor Wessing; Dieter Lang – Taylor Wessing; Angela Menges – Taylor Wessing; Jasmin Schlee – Taylor Wessing; Galya Stareva – Taylor Wessing; Hannes Tutt – Taylor Wessing;

Law Firms: Taylor Wessing;

Clients: Encavis AG (formerly Capital Stage AG);

Author: Federica Tiefenthaler