Encavis and badenova to form a joint venture in a €200m deal.

Encavis, an electricity producer, and badenova, an energy supply company, agreed to form a joint venture in a €200m deal. “The cooperation solution developed with badenova shows that we are on the right track with our Accelerated Growth Strategy 2027, and that we are taking giant steps towards our expansion targets in the field of wind and solar parks by 2027. With this new cooperation model, we have already created the basis for advancing €200m in investments through minority participations of the equity partners after only several months. This is clear evidence of the huge demand for our new solutions to supply the market with Renewable Energy,” Christoph Husmann, Encavis CFO.