UKA Group sells Gieboldehausen Wind Farm

Company announcement

UKA Group sells Gieboldehausen Wind Farm

Encavis Asset Management AG is expanding its wind farm portfolio by 28.5 megawatts.

The energy park developer UKA is selling the wind energy company Gieboldehausen Drei to a special fund advised by Encavis Asset Management AG (EAM) from Neubiberg. The eight wind turbines developed by the UKA Group with a total rated output of 28.5 megawatts were erected in the Lower Saxony district of Göttingen between 2016 and 2019. There are two Vestas V126 with a rated output of 3.45 megawatts each and six Vestas V136 with 3.6 megawatts each.

"I am very pleased that we were able to close the deal despite the current Corona crisis. The sale shows that wind energy projects are still in demand despite the current market distortions", explains Gernot Gauglitz, Managing General Partner of the UKA Group.

It is the first transaction between the wind and solar park developer UKA and EAM. "With the conclusion of this purchase, we have laid the foundation for a trusting relationship that will continue. We are particularly pleased that with the Gieboldehausen wind farm we have purchased eight valuable wind turbines for this fund," said Karsten Mieth, Spokesman of the Management Board of Encavis Asset Management AG. 

UKA will continue to manage the technical wind farm through UKB Umweltgerechte Kraftanlagen Betriebsführung.

About Encavis Asset Management AG

Encavis Asset Management AG offers customised investments portfolios and fund solutions to institutional investors in the renewable energy growth market. The company has been successfully investing in this area since 2006, covering the entire value chain from the sourcing to operational management of assets.

Encavis Asset Management AG is a wholly-owned subsidiary of ENCAVIS AG and within the ENCAVIS Group is specialised in the field of institutional investors.

ENCAVIS AG (Prime Standard; ISIN: DE0006095003 / WKN: 609500) is listed on the SDAX of Deutsche Börse AG as a producer of electricity from renewable energies. As one of the leading independent power producers (IPP) ENCAVIS acquires and operates solar parks and (onshore) wind farms in ten European countries. The sustainable energy plants generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA)

The environmental, social and regulatory services of ENCAVIS AG have been awarded the ISS-oekom Prime Label by ISS-oekom, one of the world's leading ESG research and rating agencies.


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