Strategic Advancements in Renewable Energy
Encavis AG is a trailblazer in the renewable energy sector, embracing a novel strategy focused on actualising the energy transition. Despite an industry backdrop where average electricity prices are notably lower than the previous year, the company proactively manoeuvers, evidencing a mere 5% projected decrease in commercially generated revenues for 2023. The fiscal year 2022 saw Encavis AG amass €487.3 million in operating revenues, attaining its acquisition targets by assimilating 500 megawatts of new capacities: 80% in solar PV and 20% in wind. Encavis AG exemplifies resilience through its robust business model.
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Expanding Capacities and Revenues
Under its new strategy, Encavis AG is poised to expedite the proliferation of renewable energies. This entails elevating assigned capacities from 2.5 to 8 gigawatts by 2027, raising connected capacities to 5.8 gigawatts. Revenue expectations are set to ascend from €440 million in 2023 to €800 million in 2027, accomplished through disciplined, selective investment and a risk-aware strategy.
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Focused Growth and Investment Across Europe
Primary Focus Countries
Encavis AG zeroes in on five principal countries for further growth: Germany, Italy, Spain, the Netherlands, and Denmark. The company perpetually pursues projects in these nations in alliance with strategic development partners. These countries, recognised as category one, are ardently working towards achieving a 60% electricity share from renewable sources by 2030.
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Investment in Additional European Regions
Moreover, Encavis AG extends its investments to other European countries by opportunistically purchasing projects from the market, spanning two additional categories.
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Offering a Spectrum of Sustainable Energy Solutions
Encavis AG provides a myriad of sustainable energy solutions. This includes green PPA contributions, acquisition of parks in the grid, on-premise PV park development, demand-side management, and integration of artificial intelligence to manage surplus electricity. Additionally, the company furnishes services aiding investors in meeting regulatory reporting standards and criteria.
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Positioned to Lead in the Global Shift to Renewable Energy
As the global paradigm shifts towards renewable energy solutions, Encavis AG is strategically positioned to spearhead the acceleration of the energy transition.
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April 3, 2023
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