Encavis and Innovar Solar partner to develop 500 MW of solar capacity in Germany
Encavis AG and Innovar Solar GmbH have entered into an agreement to jointly develop 500 MW of solar projects in Germany. The agreement follows a continuous development model, ensuring that new projects are initiated as existing ones advance. If any projects fail to reach the ready-to-build stage within a set timeframe, they will be replaced by new ones to maintain the target capacity.
Earlier this year, Encavis also expanded its renewable portfolio by acquiring a 95 MW solar park from BayWa r.e. in Andalucía, Spain. The Almodóvar solar park, currently under construction, is expected to generate 187 GWh annually.