Encavis AG is at the forefront of the renewable energy industry, with a new strategy centred around realising the energy transition. In the fiscal year 2022, the company achieved €487.3 million in operating revenues and reached its acquisition goals by adding 500 megawatts of newly acquired capacities, with 80% in solar PV and 20% in wind. In a market environment where average electricity prices are currently significantly lower than last year, Encavis AG only projects a 5% decrease in commercially generated revenues in its guidance for 2023. This clearly demonstrates the resilience of Encavis AG’s business model.
The company’s new strategy is focused on accelerating the expansion of renewable energies to increase assigned capacities from 2.5 to 8 gigawatts by 2027, which will boost connected capacities to 5.8 gigawatts. Encavis AG expects to increase revenues from €440 million in 2023 to €800 million in 2027, with its disciplined and selective investment criteria and risk-conscious approach.
For further growth, the company primarily focuses on five countries, including Germany, Italy, Spain, the Netherlands, and Denmark, where they continue to pursue projects with strategic development partners. These countries are category one countries actively aiming at a portion of 60% electricity from renewable energies by 2030. In addition, Encavis AG will invest in two other categories of European countries, e.g. by purchasing projects opportunistically from the market.
Encavis AG offers a range of sustainable energy solutions, including green PPA contributions, acquiring parks in the grid, developing on-premise PV parks, demand site management, and artificial intelligence integration to fill the gap of surplus electricity. The company also offers services to help investors fulfil regulatory reporting standards and criteria.
As the world shifts towards renewable energy solutions, Encavis AG is well-positioned to lead the way in accelerating the energy transition.
Reviews for Encavis AG Deep Dive 2023 | Unveiling the Company’s Growth Strategy 2027 with CFO