Encavis Asset Management AG (Encavis AM) has announced that it has completed the investment phase of the Encavis Infrastructure Fund II (EIF II) with a total value of EUR1.13 billion (US$1.19 billion).

The latest EIF II purchase is two solar parks with a total capacity of 45 MW in Rhineland-Palatinate, Germany. It is planned to connect a park to the grid in 2022 and a second one in 2023. The two parks will be able to reduce carbon emissions by 327,500 tons annually. Including latest acquisitions, EIF II includes 22 wind and 21 solar power plants in Germany, France, the Netherlands, Spain and Finland.

Encavis Infrastructure Fund II (EIF II) is a pan-European renewable energy portfolio with a total capacity of over 3.4 GW and one of the largest clean energy funds in Germany. EIF II is an alternative fund for banks, which is distributed by the investment bank BayernLB. EIF II is fully invested with a capacity of almost 680 MW.