DGAP-News: ENCAVIS AG / Key word: Disposal/Investment
ENCAVIS AG sells Austrian wind farm portfolio in total to WIEN ENERGIE
27.12.2021 / 07:00
The issuer is solely responsible. | December 27, 2021
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EQS Corporate News DGAP-News: ENCAVIS AG / Key word(s): Disposal/Strategic Company Decision ENCAVIS AG sells minority interests of 49% in wind farm portfolio in Austria 21.12.2020 / 07:00 The issuer is solely responsible for the content of this announcement. Corporate News Encavis sells minority interests of 49% in wind farm portfolio in Austria Hamburg/Vienna, December 21, 2020 - SDAX-listed wind and solar park operator Encavis AG (ISIN: DE0006095003, Prime Standard), sold 49 percent of its wind farm portfolio in Austria to the largest regional Austrian utility, WIEN ENERGIE GmbH. The three wind farms "Pongratzer Kogel" and "Herrenstein" in Styria and "Zagersdorf" in Burgenland represent a generation capacity of 36.2 MW in total. "The renewed sale of minority interests in a wind farm portfolio remains our guiding principle for strengthening our internal financing power as well as further diversifying our portfolio", Dr Dierk Pa
Encavis has sold a 49% stake of its wind farm portfolio in Austria to Wien Energie for an undisclosed price.
The portfolio totals 36.2MW and comprises three wind farms – Pongratzer Kogel and Herrenstein in Styria and Zagersdorf in Burgenland.
Encavis chief executive Dierk Paskert said: “The renewed sale of minority interests in a wind farm portfolio remains our guiding principle for strengthening our internal financing power as well as further diversifying our portfolio.”
The company said the strategic decision to sell minority stakes of up to 49% in selected wind farms to institutional investors or utilities frees up existing cash reserves for investment in further projects, confirms the accounting values of the assets in the existing portfolio and results in book profits in the national financial statements.
DGAP-News: ENCAVIS AG / Key word(s): Disposal/Strategic Company Decision
ENCAVIS AG sells minority interests of 49% in wind farm portfolio in Austria
21.12.2020 / 07:00
Corporate News
Encavis sells minority interests of 49% in wind farm portfolio in Austria
Hamburg/Vienna, December 21, 2020 - SDAX-listed wind and solar park operator Encavis AG (ISIN: DE0006095003, Prime Standard), sold 49 percent of its wind farm portfolio in Austria to the largest regional Austrian utility, WIEN ENERGIE GmbH. The three wind farms Pongratzer Kogel and Herrenstein in Styria and Zagersdorf in Burgenland represent a generation capacity of 36.2 MW in total. The renewed sale of minority interests in a wind farm portfolio remains our guiding principle for strengthening our internal financing power as well as further diversifying our portfolio , Dr Dierk Paskert, CEO of Encavis AG, explained this strategic course of the Group.