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Encavis Group expands its Spanish portfolio through the acquisition of 139 MW of photovoltaic assets

German wind and solar parks operator Encavis AG has bought two solar projects totalling 139 MW in Spain’s Andalusia region in a move that will further boost its green power output.

The Hamburg-based company said on Monday it has acquired the Lirios solar park from compatriot BayWa r.e. AG. The 109-MW plant is currently under construction around 35 km west of Seville and is planned to go online in the closing quarter of 2025. Its future output is estimated at around 220 GWh per year.

In a separate transaction, Encavis has taken possession of the 30-MW La Florida Hive photovoltaic (PV) project from its developer Hive Energy. To be built in Dos Hermanas, southeast of Seville, the plant will be hooked to the grid in the second half of next year, feeding some 60 GWh of electricity annually.

“We have seized the excellent opportunity to further expand our Spanish solar park portfolio on a massive scale,” said Mario Schirru, chief information officer of Encavis. He added that with the latest deals, which were closed at end-2023, Encavis has exceeded its 2023 goal of growing its portfolio with assets that will expand its electricity production by 750 GWh.

During 2023, Encavis purchased roughly 550 MW of new power generation assets with an estimated annual output of 1,000 GWh.


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