Osborne Clarke has advised German energy group ENCAVIS AG on the acquisition of the remaining shares of 15% in its solar park portfolios in France that were still owned by a historical partner
Encavis AG now owns 100% of 12 additional solar parks in France with a total capacity of 75 megawatts (MW). The Osborne Clarke team was led by Partner Catherine Olive (Paris) with Florent Gurlie and Igor Crépy, and Thies Goldner (Counsel – Cologne office).
Dr. Christoph Husmann, CFO of Encavis AG, said: "Through the acquisition of minority shares in our solar parks, we are consistently implementing our growth strategy '>>Fast Forward 2025'. Whenever Encavis has the opportunity to acquire missing minority shares in our solar park portfolio on economically convincing terms, we will take the advantage."
Encavis AG is a producer of electricity from renewable sources listed on the SDAX of Deutsche Börse AG. As one of the leading independent power producers (IPPs) Encavis acquires and operates solar parks and onshore wind farms in ten European countries. Encavis AG's environmental, social and governance performance has been rated "Prime" by ISS ESG, one of the world's leading ESG research and rating agencies.