Viessmann Generations Group, in partnership with KKR, has announced a strategic investment in Encavis, significantly expanding its influence in the renewable energy sector.

Target Information

On March 14, 2024, Viessmann Generations Group, a distinguished family-owned business with over 107 years of legacy, announced a strategic investment in Encavis, a premier renewable energy platform located in Hamburg, Germany. This investment is part of a co-investment act with KKR, facilitating a voluntary public takeover offer for all available shares of Encavis. Following the successful transaction, Viessmann will acquire a significant minority stake and will be entitled to appoint two members to Encavis's Supervisory Board.

Encavis operates an extensive portfolio comprising more than 190 photovoltaic parks and over 40 onshore wind farms, totaling approximately 2.2 Gigawatts of operational capacity across ten European nations. With the backing of Viessmann and KKR, Encavis aims to strengthen its portfolio and expand its project pipeline, striving towards a target capacity of 7 Gigawatts by the end of 2027. The collaboration affirms Viessmann’s commitment to fostering sustainability and innovation in the renewable energy sector.

Industry Overview

The renewable energy industry in Germany is experiencing robust growth driven by a strong national commitment to transitioning towards sustainable energy sources. Germany has long been a leader in adopting innovative renewable technolo