ENCAVIS AG secures EUR 300 million revolving credit facility to finance its
Accelerated Growth Strategy 2027

EQS-News: ENCAVIS AG / Key word(s): Financing/Expansion
ENCAVIS AG secures EUR 300 million revolving credit facility to finance its
Accelerated Growth Strategy 2027

26.06.2024 / 07:05 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Corporate News

ENCAVIS secures EUR 300 million revolving credit facility to finance its
Accelerated Growth Strategy 2027

Hamburg, 26th June 2024 - MDAX-listed wind and solar park operator Encavis
AG (Prime Standard; ISIN: DE0006095003, ticker symbol: ECV) has signed a
syndicated revolving credit facility in the amount of EUR 300 million. This
significantly oversubscribed short-term credit facility until 30th April
2025 serves to finance the acquisition of wind and solar projects under the
Accelerated Growth Strategy 2027.

"This additional syndicated revolving credit facility will allow us to make
further significant acquisitions in support of our Accelerated Growth
Strategy 2027, also during the pending transition period related to the
completion of the voluntary public tender offer by the KKR-led consortium",
welcoming Dr Christoph Husmann, Spokesman of the Management Board and CFO of
Encavis AG, the closing of this financing.

The consortium of this syndicated revolving credit facility, led by the
Dutch COÖPERATIEVE RABOBANK U.A., consists of a total of eight banks - in
addition to long-term financing partners, Encavis AG also has new lenders at
its disposal.


About Encavis:
The Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a
producer of electricity from Renewable Energies listed on the MDAX of
Deutsche Borse AG. As one of the leading independent power producers (IPP),
ENCAVIS acquires and operates (onshore) wind farms and solar parks in twelve
European countries. The plants for sustainable energy production generate
stable yields through guaranteed feed-in tariffs (FIT) or long-term power
purchase agreements (PPA). The Encavis Group's total generation capacity
currently adds up to more than 3.5 gigawatts (GW), of which around 2.2 GW
belong to the Encavis AG, which corresponds to a total saving of around 0.8
million tonnes of CO2 per year stand-alone for the Encavis AG. In addition,
the Group currently has around 1.2 GW of capacity under construction, of
which around 830 MW are own assets.

Within the Encavis Group, Encavis Asset Management AG offers fund services
to institutional investors. Another Group member company is Stern Energy
S.p.A., based in Parma, Italy, a specialised provider of technical services
for the installation, operation, maintenance, revamping and repowering of
photovoltaic systems across Europe.

ENCAVIS is a signatory of the UN Global Compact as well as of the UN PRI
network. Encavis AG's environmental, social and governance performance has
been awarded by two of the world's leading ESG rating agencies. MSCI ESG
Ratings awarded the corporate ESG performance with their "AA" level and ISS
ESG with their "Prime" label (A-).

Additional information can be found on www.encavis.com


Contact:
Encavis AG
Jörg Peters
Head of Corporate Communications & Investor Relations
Tel.: + 49 40 37 85 62 242
E-Mail: IR@encavis.com
http://www.encavis.com


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26.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        ENCAVIS AG
                   Große Elbstraße 59
                   22767 Hamburg
                   Germany
   Phone:          +49 4037 85 62 -0
   Fax:            +49 4037 85 62 -129
   E-mail:         info@encavis.com
   Internet:       https://www.encavis.com
   ISIN:           DE0006095003
   WKN:            609500
   Indices:        MDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard),
                   Hamburg; Regulated Unofficial Market in Berlin,
                   Dusseldorf, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1932995

End of News EQS News Service
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1932995 26.06.2024 CET/CEST