ENCAVIS expands its portfolio in the field of renewable energies and plans further acquisitions this year. The MDAX-listed producer announced that it has acquired six wind parks with a total capacity of 88 megawatts (MW), which produce 228 gigawatt hours (GWh) of green electricity annually.

49 MW of which are already connected to the power grid. The company had set a goal to acquire an additional power production of 750 GWh per year by 2023. With the acquisition of the new wind parks, this goal is almost reached, as a total of 720 GWh per year is now being produced.

"To surpass our target for the fiscal year 2023, we are also planning to acquire additional solar parks, which are expected to be completed this year," said Mario Schirru, CIO and COO of ENCAVIS. Four out of the six wind parks were acquired from ABO Wind, while one already connected wind park in Finland is expected to produce 98 GWh annually.

Three more wind farms in North Rhine-Westphalia and Rhineland-Palatinate are scheduled to go online this year and will be secured with a 20-year feed-in tariff under the Renewable Energy Sources Act (EEG).

Another wind park already connected to the grid in Saxony has been acquired by the UKA Group and is expected to produce approximately 50 GWh per year.

ENCAVIS has also acquired a wind park in Rhineland-Palatinate from Baywa r.e., which is expected to be connected to the grid soon and will have an annual electricity production of approximately 23 GWh.

Marketing is also guaranteed here via an EEG feed-in tariff with a duration of 20 years. On the stock exchange, the ENCAVIS share temporarily lost 0.41 percent and is currently trading at 14.44 euros on the XETRA market.