Encavis Asset Management, a subsidiary of the SDAX-listed solar and wind park operator Encavis AG, has raised an additional €74.5 million ($84 million) in equity for the Encavis Infrastructure Fund II (EIF II), a special fund managed by HANSAINVEST Lux S.A.
The fund now has a fund volume of more than €200 million ($225 million).
Encavis said it is experiencing ongoing strong demand from institutional investors, such as German bank Kreissparkasse Reutlingen.
“We appreciate the wide diversification of the portfolio across energy generation types, locations and countries,” said Michael Bläsius, chairman of the board of management of the bank. “The EIF II certainly scores well, among other things, because of the existing statutory feed-in tariffs and thus easily calculable returns that fit in well with our planning horizons.”
He added, “Other than that, it is also of main importance to us to make a valuable contribution to the energy transforma
