Encavis, Badenova Invest 200M for 500MW Renewables

• Encavis and Badenova form new company, Encavis Energieversorger I GmbH, to invest EUR 200 million in renewable energy projects, with a portfolio of 500 MW wind and solar systems. Open to more partners to reach 1 GW by 2035.

Encavis and Badenova have formed a new company, Encavis Energieversorger I GmbH, to invest EUR 200 million in renewable energy projects by 2027. Encavis will hold a majority stake in the company with 51%, while Badenova's holding company, Kommunale Energiewende GmbH & Co. KG, will own the remaining 49%. The portfolio will include wind and photovoltaic systems with a total capacity of 500 MW. The cooperation is open to more partners, such as regional energy suppliers, municipal utilities and municipalities. Badenova's CEO, Heinz-Werner Hoelscher, has stated that the company wants to have 1 GW of installed renewables capacity by 2035, accomplished through both regional and national projects.

What is Encavis and Badenova's Plan for Investing EUR 200M in Renewables?

• Encavis Energieversorger I GmbH will invest EUR 200 million in renewable energy projects by 2027.
• Encavis holds a majority stake in the new company with 51%, while Badenova's holding company, Kommunale Energiewende GmbH & Co. KG, will own the remaining 49%.
• The portfolio will include wind and photovoltaic systems with a total capacity of 500 MW.
• The cooperation is open to more partners, such as regional energy suppliers, municipal utilities and municipalities.
• Badenova's CEO, Heinz-Werner Hoelscher, has stated that the company wants to have 1 GW of installed renewables capacity by 2035, accomplished through both regional and national projects.
• The projects will focus on increasing the sustainability of the energy supply, while also contributing to the transformation of the energy system in line with the Paris Agreement.
• The companies plan to focus their investments on innovative technologies, such as storage solutions and green hydrogen, as well as projects that enable the integration of renewable energy sources into the electricity grid.
• The investments will also support the development of projects that are in line with the EU’s Green Deal goals.
• Encavis and Badenova have committed to making their investments in accordance with social and environmental standards.