legrandangle-lgm

Company news
ENCAVIS acquires two turnkey solar projects in Northern Italy from Hive Energy and Sunleonard Energy (approximately 18 megawatts)

Hamburg December 10, 2024 – Hamburg-based wind and solar park operator Encavis AG has acquired two turnkey solar projects in Cobu and Massarenti (south of Ferrara in the province of Emilia-Romagna) with a total generation capacity of 18.4 megawatts (MW) from Hive Energy Limited (UK) and its partner Sunleonard Energy Limited. The two projects are about to start construction and will produce a total of approximately 28 gigawatt hours (GWh) of green energy per year upon completion (expected by the end of 2025). Ethical Power Italia Srl will build the two solar parks for Encavis.

‘Our Spanish solar parks Fundici (55 MW, 2022) and La Florida (30 MW, 2024), which we acquired in recent years, form the basis of our successful collaboration with Hive Energy, which is now being continued with two new Italian projects. The parks not only further expand our Italian portfolio, but are also characterized by their strategic proximity to industrial PPA customers,‘ explains Mario Schirru, Chief Investment Officer/Chief Operating Officer (CIO/COO) of Encavis AG.

Giles Redpath, CEO of Hive Energy Group, says: ‘We are pleased to complete this third transaction with Encavis, which further strengthens our positive relationship with them by expanding it from Spain to Italy. It is also great to see our sister company Ethical Power building on the successful completion of the Fundici project for Encavis and expanding its activities into the Italian market.”

Stefano Salerno, Hive’s Italian Country Manager and Managing Director of Sunleonard adds: ‘I am incredibly proud to be able to help deliver these projects in my hometown of Ferrara, especially as they are among the first projects to start in the Emilia-Romagna region. Their successful development is testament to Hive Energy’s continued investment in the region, and we look forward to bringing even more projects forward in the coming year.”

The modules of the two solar parks in Cobu and Massarenti will be installed on single-axis trackers. The plan is to conclude a long-term pay-as-produced Power Purchase Agreement (PPA) with an industrial customer.
***
About ENCAVIS:
Encavis AG (Prime Standard; ISIN: DE0006095003; Ticker symbol: ECV) is a producer of electricity from renewable energy sources. As one of the leading independent energy producers (IPP), ENCAVIS acquires and operates (onshore) wind farms and solar parks in twelve European countries. The renewable energy production plants generate stable revenues through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). The Encavis Group’s total generation capacity is currently approximately 3.6 gigawatts (GW), of which approximately 2.2 GW is owned by Encavis AG, corresponding to a total saving of approximately 0.8 million tons of CO₂ per year stand-alone for Encavis AG. In addition, the Group currently has over 1.1 GW of capacity under construction, of which approximately 800 MW is its own assets.

Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors. Another member company of the Group is Stern Energy SpA, based in Parma, Italy, a specialist provider of technical services for the installation, operation, maintenance, renewal and repowering of photovoltaic systems throughout Europe.

ENCAVIS is a signatory of the UN Global Compact and of the UN PRI network. Encavis AG’s environmental, social and governance performance has been recognized by two of the world’s leading ESG rating agencies. MSCI ESG Ratings awarded companies’ ESG performance with their ‘AA’ level and ISS ESG with their ‘Prime’ label (A-), the Carbon Disclosure Project (CDP) with its climate score ‘B’ and Sustainalytics with its ‘low risk’ ESG risk assessment.

Additional information can be found at www.encavis.com

Contact:
ENCAVIS AG
Dr. Oliver Prüfer
Press officer and Public Relations manager
Tel.: + 49 (0)40 37 85 62 133
Email: [email protected]
About Hive energy:
Hive Energy, headquartered in Great Britain, was founded in 2010 by Giles Redpath to participate in the significant expansion of solar energy across England. The company now operates from more than 20 countries worldwide, including Canada, Croatia, Greece, Italy, New Zealand, Serbia, South Africa, Spain and the United Kingdom.

The Hive Energy Group is internationally recognized as a trusted partner in the development, construction and operation of large-scale sustainable energy projects. Hive is known for its innovative approach and market-leading vision on both renewable energy and… circular economy industries. Hive has built some of the world’s leading solar energy projects, including the Largest solar park in Great Britainan upcoming one green hydrogen factory in Spainand plans for the the world’s largest green ammonia factory. Hive Carbon has also established its patented technologies in the field of Biochar activated carbon and industrial biomass waste conversion.

Hive is currently developing more than 26,000 MW of sustainable energy projects. To date, Hive’s projects have generated more than £1.5 billion of capital expenditure in green energy projects, saving 1,982,248 tonnes of CO2 annually.

Additional information can be found at www.hiveenergy.co.uk

Contact:
Hive Energy Ltd
Stefano Salerno
Country Manager Hive Italia and co-owner
Tel +39 3459361022
Email [email protected]