ENCAVIS completes a non-recourse project financing of 135 million euros for the acquisition of the 199‑MW Aragón portfolio

Corporate News


ENCAVIS completes a non-recourse project financing of 135 million euros for the acquisition of the 199‑MW Aragón portfolio

Hamburg, 14 January 2026 – ENCAVIS, a leading pan-European Independent Power Producer in the Renewable Energy sector and headquartered in Hamburg, has successfully completed a project financing of 135 million euros for the Aragón portfolio. The Aragón portfolio, located in northern Spain near Zaragoza, has a total capacity of 199 megawatts (MW) and consists of three wind farms with a combined output of approximately 142 MW and two photovoltaic (PV) plants totaling 57 MW.

The financing is provided by a banking consortium comprising Coöperatieve Rabobank U.A., NORD/LB, and Siemens Financial Services through Siemens Bank, and was structured and arranged by ENCAVIS’ internal project financing team.

‘The close and trusting cooperation with Rabobank, NORD/LB and Siemens Financial Services, as well as with our advisors, sends a strong signal also for our Aragón project in Spain. Building on a proven approach, we identify and acquire high‑quality projects and implement them together with reliable partners through long‑term, sustainable project financings. This not only underlines the strength of our business model, but also the great confidence our partners place in our company and our risk management,’ says Mario Schirru, CEO of Encavis.

The financing includes a term facility of 117 million euros with a maturity until 30 June 2044, a debt service reserve facility (DSRF) of 5 million euros, and an LC facility of 13 million euros.


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About ENCAVIS
Encavis is one of Europe’s leading producers of electricity from Renewable Energy. The company operates a broadly diversified portfolio of onshore wind farms, ground-mounted solar parks, and battery storage systems across 13 European countries — including Germany, Italy, Spain, Denmark, and the Netherlands. In addition, Encavis offers institutional investors attractive opportunities to participate in Renewable Energy assets. Its subsidiary, Stern Energy, complements the service portfolio as a Europe-wide specialist in technical services for photovoltaic systems.

With a total installed capacity of around 4.2 gigawatts, Encavis makes a significant contribution to sustainable energy supply and the achievement of Europe’s climate goals.

Further information can be found at www.encavis.com

Media Contact
Dr. Oliver Prüfer
Press Officer & Manager Public Relations
Phone: + 49 (0)40 37 85 62 133
Email: oliver.pruefer@encavis.com

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