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ENcome reaches Gigawatt Threshold

▪ O&M business in Europa grows steadily

▪ Engineering projects in the triple digit Megawatt range contractually secured

▪ Market entry in Australia

▪ „Buy&Build“ strategy will be continued

Klagenfurt am Wörthersee, 30.05.2017. ENcome now services photovoltaic power plants with a nominal capacity of approximately one Gigawatt. The leading European independent service provider has also secured Engineering projects in the triple digit Megawatt range. Especially in Australia, ENcome faces strong growth in both business segments Engineering & Advisory and Operations & Maintenance.

 “Reaching the Gigawatt threshold gives evidence of our recent business performance and facilitates further increases in our already high service quality“, says Andreas Leimbach. “Our international growth confirms our business model as independent service provider to the benefit of our customers”, emphasizes Robin Hirschl. In Europe, also due to additional new builds in the „Utiltiy Scale“ segment, ENcome’s O&M business shows a positive development. Especially in the UK, the company benefits from the current tenders for Operation & Maintenance services since many plants have now reached final acceptance. “More and more power plant owners realize that professional O&M services are not only a means to reduce costs, but the major driver of yields”, explains Burkhard Söhngen.

In their Engineering & Advisory segment, ENcome has a firm order pipeline for Engineering services in Australia and Europe as well as rectification and performance optimization projects, mainly in the UK, Italy, and Germany.

Especially promising is ENcome’s young Australian business. On the basis of regional support schemes and comprehensive „Renewable Energy Targets“ there is a huge potential for a multi Gigawatt market of advanced developed utility scale projects. In Australia, ENcome is active in both business segments Engineering & Advisory and Operations & Maintenance.

Additionally, ENcome is in talks for further acquisitions as part of their “Buy&Build“ strategy in Europe. In the past two years ENcome has acquired four companies or business segments in the O&M business in Germany and Italy and successfully integrated them into ENcome.

About ENcome:

The ENcome group is a pan-European leading and independent provider for the operation of photovoltaic power plants with focus on technical Operation and Maintenance (O&M), technical Asset Management (TAM), as well as Engineering & Advisory services. At present ENcome operates power plants with a nominal capacity of approx. one Gigawatt in all major European markets and Australia.

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