encavis

German independent power producer Encavis has signed a framework agreement with German PV developer Innovar Solar to build 160MW of solar PV in Germany.

German independent power producer (IPP) Encavis has shown an improved financial results with its EBITDA up by about one third.

German independent power producer (IPP) Encavis reported revenue growth in the first half of the year due to the contribution of two new Spanish PV plants that offset the impact of weaker weather conditions.

Encavis expects revenue from its solar parks to rebound this year following a 2020 that saw the company’s portfolio affected by “average” meteorological conditions.

European PV asset holders should ensure they have the right skills and knowledge to successfully operate in the continent’s power purchase agreement (PPA) market, according to panellists speaking today at the Solar Finance and Investment Europe conference.

The subsidiary of German solar and wind operator raised €450 million (US$543.2 million) from 50 institutional investors.

Enel Green Power, Ellomay Capital and Encavis have all brought projects online within the past week.

Renewables operator Encavis has hit the accelerator on two major solar projects in Spain beset by COVID delays as it looks to capitalise on revenue growth.

German solar and wind firm Encavis AG has further cemented its position in the French market by acquiring the oustanding shares in a portfolio of assets it had invested in.

Renewables software firm Pexapark has raised €6 million (US$6.7 million) in Series B funding as seeks accelerate its growth through the coming years.