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Encavis plans to double renewable footprint by 2025

German investment manager Encavis AG released a plan to double its renewable power generation capacity from 1.7 GW to 3.4 GW by 2025.

The company plans to ramp up its investment in ready-to-build solar and wind projects and continue to secure others at an earlier stage alongside its five strategic development partners, according to a Jan. 8 news release. It will also continue to explore the sale of minority stakes in projects, of up to 49%, to create liquidity to invest in new capacity.

Encavis' growth strategy envisages an increase in weather-adjusted revenues from an estimated €260 million in 2019 to €440 million by 2025, and weather-adjusted operating EBITDA from €210 million to €330 million in the same period.