encavis

A round-up of news coming from Europe, with IPP Encavis acquiring a 265MW solar PV portfolio in Italy, Iberdrola starting construction on 366MW of solar PV in its home country and IPP Sonnedix signing a renewables supply agreement with a subsidiary of Volkswagen in Spain.

Matthias Taft, the chief executive officer of renewables developer BayWa r.e., will leave the company at the end of August.

Europe will see “moderate” electricity demand increase in the coming years, despite the global growth of data centres and AI.

Encavis has commissioned a 114MW solar park in Borrentin, Germany, the largest project in its German portfolio.

Leading a consortium of investors via a holding company, Elbe BidCo, KKR acquired 87.41% of outstanding shares in Encavis at €17.50 per share.

Development of the projects has already begun according to the companies, which have collaborated in the past.

Encavis has secured €145 million in financing to complete the construction of the 260MW Bartow solar park in Germany.

German renewables company BayWa r.e has sold a 95MW solar PV plant in Spain to independent power producer Encavis Asset Management.

German independent power producer (IPP) Encavis has signed an offtake deal with LyondellBasell for 208MW worth of solar PV power generation.

German engineering, procurement and construction (EPC) firm Belectric has begun construction on a 114MW solar project in Mecklenburg, in northeastern Germany.