Thursday, January 26 2023 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Jan 23
Week of Jan 16
Week of Jan 09
Week of Jan 02
Week of Dec 26
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Encavis buys 27.6-MW Irish wind farm for special fund


    December 6, 2022 - SeeNews Renewables

     

      December 6 (Renewables Now) - The asset management arm of German wind and solar farm operator Encavis AG (ETR:ECV) has acquired a 27.6-MW wind farm project in Ireland for its special fund Encavis Infrastructure III (EIF III).

      Encavis Asset Management AG said on Tuesday that the wind park will be built in two sections, the first one of which is shovel-ready. The first five turbines are planned to start generating power at the end of 2023, while the remaining three machines are due to go online in 2026. The second section of the project is currently in an advanced stage of development.

      Once up and running, the wind farm on the west coast of Ireland will be capable of producing electricity for around 24,400 homes per year.

      The EIF III, which invests in wind and solar assets in Germany, France, Austria and Finland, is exclusively owned by German public insurer Versicherungskammer Group. The latter made a EUR-150-million (USD 174.03m) commitment to the fund last year.

      “Renewable energies are an essential part of our investment strategy and sustainability is an important aspect in our capital investment,” Georg Distler, Head of Infrastructure Investments at Versicherungskammer.

      Encavis Asset Management will handle the whole structuring of the Irish project, along with financing, and will also manage the plant once it becomes operational.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.