ENCAVIS AG Sells 49% Stake in Wind Farm Portfolio in Austria
ENCAVIS AustriaEncavis

ENCAVIS AG Sells 49% Stake in Wind Farm Portfolio in Austria

SDAX-listed wind and solar park operator Encavis AG sold 49 percent of its wind farm portfolio in Austria to the largest regional Austrian utility, WIEN

SDAX-listed wind and solar park operator Encavis AG sold 49 percent of its wind farm portfolio in Austria to the largest regional Austrian utility, WIEN ENERGIE GmbH. The three wind farms Pongratzer Kogel and Herrenstein in Styria and Zagersdorf in Burgenland represent a generation capacity of 36.2 MW in total.

Encavis Group's strategic decision to sell minority stakes of up to 49 percent in selected wind farms to institutional investors or utilities frees up existing cash reserves for investment in further projects

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