Capital Stage : expands wind farm and solar park portfolio in Germany by 9.3 megawatts (MW)

Capital Stage AG expands wind farm and solar park portfolio in Germany by 9.3 megawatts (MW)
 
Hamburg, 20 December 2017 - Capital Stage, the SDAX-listed solar and wind park operator based in Hamburg, has further expanded its solar and wind park portfolio in Germany. The company has acquired a wind farm near Cologne with a total output of around 5.0 megawatts (MW) and a solar park near Magdeburg with a capacity of around 4.3 MW. The total investment volume for the two parks amounts to approximately EUR 15.2 million. Capital Stage expects the two parks to generate revenues of more than EUR 1.3 million annually from the first full year of operation onwards.
 
The Hürth-Barbarahof wind park near Cologne consists of two identically constructed type GE 2.5-120 wind turbines, which have a hub height of 110 metres and achieve a total generation capacity of around 5.0 MW. They are scheduled to go into operation by the end of the year. After commissioning, the turbines will benefit from a state-guaranteed feed-in tariff of EUR-Cents 7.68 per kilowatt hour. The seller and developer of the wind park is Bremen-based Energiekontor AG, who will also be responsible for the commercial and technical management of the park in the future. The total investment volume for the Barbarahof wind park amounts to approximately EUR 10.5 million. This is the ninth wind park that Capital Stage AG has acquired from Energiekontor AG.
 
The Letzlingen solar park in Saxony-Anhalt, not far from the regional capital Magdeburg, consists of two plant sections and has a total generation capacity of approximately 4.3 MW. It has been connected to the grid since December 2017 and benefits from a state-guaranteed average feed-in tariff of EUR-Cents 8.05 for each kilowatt hour generated. The seller of the photovoltaic plants and the associated land is project developer Sunovis in Singen am Hohentwiel, a company specialising in the construction of solar parks in Germany in particular. Sunovis will continue to be responsible for the technical management of the park while Capital Stage AG will take over commercial management. The total investment volume in the solar park amounts to approximately EUR 4.7 million.
 
"Despite our expansion into international markets, Germany remains our home market in which we will continue to grow in the future," says Dr Dierk Paskert, CEO of Capital Stage AG. "In doing so, we rely on experienced project developers like Energiekontor and now, for the first time, Sunovis, both of whom offer us high-quality projects with good return profiles," adds Paskert.
 
 About Capital Stage AG:
Capital Stage invests in and operates solar and wind parks in Germany, Austria, Denmark, Finland, France, Italy, the Netherlands, the United Kingdom and Sweden. Including solar and wind parks acquired and operated as part of the asset management business for third parties, the company's generation capacity totals over 1.5 gigawatts. This makes Capital Stage one of Europe's leading independent solar and wind park operators. With its solar and wind parks, the company generates attractive yields as well as continuous and predictable income.
 
The Capital Stage AG share is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange and on the regulated market of the Hamburg Stock Exchange (ISIN: DE0006095003/WKN: 609500). Since 2014, the Capital Stage AG share has been included in the SDAX index of Deutsche Börse.
 
You can find further information on the company at www.capitalstage.com.

Contact:
Capital Stage AG
Till Gießmann
Head of Investor & Public Relations
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Große Elbstraße 59
22767 Hamburg

Fon: + 49 40 37 85 62-242
Fax: + 49 40 37 85 62-129
e-mail: till.giessmann@capitalstage.com
http://www.capitalstage.com