Germany's Encavis in talks with KKR over potential deal

March 6 (Reuters) - Germany-based renewable energy producer Encavis AG said on Wednesday it was in talks with KKR & Co regarding a potential deal.

New York-based KKR has been betting on rising demand for green power. In December, the firm said it would take British energy infrastructure company Smart Metering Systems private in a 1.3 billion pound ($1.66 billion) deal.

Germany aims to meet 80% of its electricity needs with renewables by 2030, up from 52% in 2023, making companies such as Encavis an attractive target.

Encavis has a market value of more than 2 billion euros ($2.18 billion).

KKR did not immediately respond to a Reuters request for comment.

Bloomberg News first reported deal talks between the two companies.

($1 = 0.9174 euros) ($1 = 0.7849 pounds) (Reporting by Emma-Victoria Farr and Arunima Kumar in Bengaluru; Editing by Devika Syamnath)