Business and Financial Review • Dec 9, 2015
Business and Financial Review
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Corporate | 9 December 2015 15:26
Capital Stage continues expansion of British solar park portfolio
DGAP-News: Capital Stage AG / Key word(s): Miscellaneous/Miscellaneous
2015-12-09 / 15:26
The issuer is solely responsible for the content of this announcement.
Hamburg, 9 December 2015 - Capital Stage, the SDAX-listed solar and wind
park operator based in Hamburg, further expands its British solar park
portfolio by acquiring another solar park in the UK with a generating
capacity of around 5 MW. Therewith the share of the British portfolio as
part of the total generating capacity of 554 MW of Capital Stage increases
to 13 per cent. The total investment volume including planned debt project
financing amounts to about GBP 6.1 million (approx. EUR 8.4m). The PV park
has been sold by the project developer and general contractor Gamma Energy
Ltd., of which Capital Stage did already acquire a solar park of 5 MW in
November 2015.
The newly acquired solar park is located in the north-west of England.
After entering operations the park will profit from a public guaranteed
feed-in tariff for a period of 20 years. The applicable feed-in tariff
amounts to GBP 0.1101/kWh (EUR 0.1527 kWh) and is linked to the retail
price index. Grid connection for the park is scheduled for December 2015.
Capital Stage expects the new British solar park to make revenue
contributions of approximately 600 TGBP (approx. TEUR 830) from the first
year of full operation onwards.
The new British PV park - as well as the one acquired in November 2015 -
has been financed on an all-equity basis. A refinancing within a classic
project financing structure is planned and Capital Stage has already
entered very promising negotiations with long-standing and trusted
financing partners.
The British solar park has again been sold to Capital Stage AG by the
project developer and general contractor Gamma Energy Ltd., a 100%
subsidiary of the Spanish Sferaone Solutions & Services S.L. Gamma Energy
is specialised in renewable energies. Already in early November 2015
Capital Stage did acquire a solar park with a generating capacity of 5 MW
from Gamma Energy. Capital Stage continues to review other attractive
projects of Gamma Energy in the UK.
About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany, France, Italy and the UK with a total generation capacity of more
than 550 MW. As such, Capital Stage today is Germany's largest independent
operator of solar parks and already has a generating capacity that is
equivalent to half the output of a nuclear power plant. Capital Stage today
also is Germany's largest independent operator of solar parks. The high
quality of the existing portfolio in combination with an excellent O&M
management generate attractive returns and stable revenues for Capital
Stage, while offering only a moderate level of investment risk.
Capital Stage AG is listed in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange and in the regulated market of the Hanseatic Stock
Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500). The shares of Capital
Stage AG have been listed in the Deutsche Börse Frankfurt a. M. selective
index SDAX since March 2014.
For more information, visit www.capitalstage.com
Contact:
Capital Stage AG
Till Giessmann
Head of Investor & Public Relations
Phone: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
e-mail: [email protected]
For more information, visit www.capitalstage.com
2015-12-09 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: Capital Stage AG
Große Elbstraße 59
22767 Hamburg
Germany
Phone: +49 4037 85 62 -0
Fax: +49 4037 85 62 -129
E-mail: [email protected]
Internet: www.capitalstage.com
ISIN: DE0006095003
WKN: 609500
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart
End of News DGAP News Service
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