BayernLB has provided a non-recourse project financing of EUR 64m for a portfolio of 10 operational photovoltaic plants in Italy in the interest of Encavis AG. The majority of the ground mounted plants are located in central Italy, Marche Region. The plants are operational since 2011 and receive a feed-in tariff under the Conto Energia scheme.
The Encavis AG is listed in the SDAX segment of the German stock exchange and is a producer of electricity from renewable energy sources. Encavis acquires and operates solar and wind parks and is one of the leading independent power producers in Europe. The plants for sustainable energy generation produce stable returns due to guaranteed feed-in tariffs or long-term power purchase agreements.