Encavis secures funding for 260-MW solar project in Germany

• Encavis AG secures EUR 145 million for 260-MW solar project in Bartow, Germany, with financing from Commerzbank AG. Another milestone for Encavis in expanding renewable energy projects in Europe.

Encavis AG, a German wind and solar parks operator, has secured EUR 145 million to fund the construction of a 260-MW solar project in Bartow, Germany. The financing was arranged by Encavis Asset Management AG and provided by Commerzbank AG. The project, located north of Berlin, has most of its output contracted by chemicals group LyondellBasell.

Construction on the Bartow project began in March 2024, with completion expected in the second half of 2025. Encavis describes it as the second-largest solar facility in Germany and part of the Encavis Infrastructure Fund IV portfolio. This marks another milestone for Encavis as it continues to expand its renewable energy projects in Europe.

What is the size and timeline of Encavis AG's Bartow solar project?

• The Bartow solar project in Germany has a size of 260 MW.
  
• Construction on the project started in March 2024.
  
• Completion of the project is expected in the second half of 2025.
  
• The project is described as the second-largest solar facility in Germany.
  
• The financing for the project was secured by Encavis Asset Management AG and provided by Commerzbank AG.
  
• Most of the output from the Bartow project is contracted by chemicals group LyondellBasell.
• The project is part of the Encavis Infrastructure Fund IV portfolio.