Encavis strengthens financial flexibility through successful corporate debt refinancing and debut IG private placement issuance

Corporate News

Encavis strengthens financial flexibility through successful corporate debt refinancing and debut IG private placement issuance

Hamburg, 15 April 2026 – Encavis, a next‑generation independent power producer (IPP) headquartered in Hamburg, Germany, has successfully completed the refinancing of its corporate-level indebtedness, optimising its capital structure and supporting the continued expansion of its renewable energy portfolio.

The refinancing comprises €485m of investment grade-rated private placement notes with select institutional investors, an approximately €1.4bn senior credit facilities agreement, and bilateral letter of credit facilities. The private placement notes mark Encavis’ debut issuance in the private placement market, broadening its funding base with institutional investors and extending the maturity profile of the company’s corporate debt. The transaction was priced at the end of February 2026, with KKR Capital Markets, Crédit Agricole Corporate and Investment Bank, and CIBC Capital Markets acting as financial advisors and arrangers.

The senior facilities agreement includes a term loan tranche and a revolving credit facility, providing flexible liquidity to support Encavis’ robust pipeline of projects and ongoing acquisition activity. The refinancing package was supported by a diversified international lending group, including both existing relationship banks and new financing partners.

The transaction provides a strong foundation to support the company’s strategic priorities, including the expansion of renewable generation capacity, the development of battery energy storage systems, and the evolution of its market‑oriented optimization activities across its core European markets. The refinancing reinforces Encavis’ long‑term strategy of financial discipline, operational focus, and sustainable growth by enhancing financial flexibility and simplifying its capital structure.

“This refinancing of Encavis’ corporate debt marks an important step in completing the transformation after the change in ownership and strengthens our financial platform,” said Mario Schirru, CEO of Encavis. “The tailor-made financing agreements further optimize our corporate financing and our capital structure. This ensures the flexibility needed to consistently invest in renewable energy assets and integrated energy solutions, while maintaining a strong focus on value creation and long‑term stability.”

With a balanced financing approach and strong lender relationships, Encavis continues to position itself as a reliable partner in the energy transition, supporting the delivery of affordable, clean energy while advancing a more flexible and resilient energy system.

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About ENCAVIS

Encavis is a next‑generation independent power producer (IPP) enabling a flexible and resilient energy system by integrating renewable generation, battery storage, and market‑oriented optimisation to deliver affordable clean energy for industrial customers.

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, and Spain.

In addition, Encavis offers institutional investors attractive opportunities to participate in renewable energy assets. Its subsidiary, Stern Energy, further strengthens the portfolio as a Europe‑wide specialist in technical services for photovoltaic systems.

With a total installed capacity of around 4.9 gigawatts, Encavis makes a meaningful contribution to sustainable energy supply and supports the achievement of Europe’s climate goals.

Further information can be found at www.encavis.com

Media Contact
Verena Piaskowy
Email: verena.piaskowy@encavis.com

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