ENcome signs more than 150 MWp of new O&M contracts in Europe

ENcome announces ongoing growth in its European O&M-Business. The company discloses the signing of contracts with a total capacity of more than 150 MWp in the UK, Italy, Spain and Germany in the last three months. The growth comprises the acquisition of new customers as well as an increase of wallet share with existing customers.

“The continuous growth of our O&M-Business in a still very competitive environment confirms our consistent orientation as an independent and focused service provider. The mix of new and existing customer acquisitions is indeed pleasant” says Dr. Andreas Leimbach. “A lot of investors aspire to only work with two or maximum three professional technical service providers for their entire portfolio. ENcome will further benefit  from this consolidation trend because of its high demand for quality standards and economies of scale”, explains Dr. Robin Hirschl.  

In the UK, ENcome still  profits from the current tenders for Operation & Maintenance services since many plants have now reached final acceptance. In Italy and Germany, ENcome is progressively mandated in the course of changes in plant ownership.  Investors increasingly conlude that O&M contracts from the past offer significant room for improvement, both from a technical and from a commercial viewpoint. In the course of such brownfield transactions, ENcome is mandated increasingly during the transaction phase as technical (buyside) advisor, in order to take over the O&M service upon closing of such transaction.

Alongside organic growth, ENcome also plans further mergers and acquisitions in Europe by consistently following their “Buy&Build”-Strategy. To that end, ENcome is currently in advanced talks in Germany and France.

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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