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Regulatory Filings • Nov 18, 2015

News Details

Corporate | 18 November 2015 12:08

Capital Stage AG acquires German onshore coastal wind park with a capacity of 38.5 MW

DGAP-News: Capital Stage AG / Key word(s): Miscellaneous/Miscellaneous

2015-11-18 / 12:08

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Hamburg, 18 November 2015 - Capital Stage, the SDAX-listed solar and wind
park operator based in Hamburg, has acquired an onshore coastal wind park
near Bremerhaven, Germany, with a generation capacity of 38.5 MW. The
company thereby increases its generation capacity in the wind power sector
by over a third, taking it to more than 100 MW. The park was sold to
Capital Stage by Energiekontor AG based in Bremen, Germany. The total
investment volume for the wind park, including debt, is about EUR 70
million. The existing financing for the project is being retained. The wind
park benefits from a guaranteed feed-in tariff with a duration of 20 years.
The full purchase price is due upon the commissioning of the wind park.

"By acquiring this German onshore coastal wind park, we are increasing the
share of wind energy in our existing portfolio as planned," says Dr
Klaus-Dieter Maubach, CEO of Capital Stage AG. "In addition to an
attractive yield the newly acquired wind park further contributes to the
diversification of our existing portfolio. However, we also
intend to keep the proportion of wind energy in the total portfolio to a
maximum of around a quarter", Maubach adds.

The German onshore coastal wind park acquired by Capital Stage has a
generation capacity of 38.5 MW and is located near Bremerhaven in Lower
Saxony, Germany. The wind park is set to consist of fourteen GE 2.75 series
wind turbines produced by the US manufacturer General Electric. The wind
park is currently in its deployment phase and is expected to be completed
and running by the end of November 2015. The total investment volume,
including debt, is about EUR 70 million. Energiekontor will be responsible
for the technical and commercial management of the project in the future.

Under the German Renewable Energy Act (EEG), the wind park benefits from a
guaranteed feed-in tariff set at 8.90 euro-cents per kilowatt-hour (kWh)
for a period of 20 years. The German wind park is therefore expected to
make revenue contributions of almost EUR 8 million from its first full year
of operation.

The onshore wind park was sold to Capital Stage by the stock-listed
Energiekontor AG, based in Bremen, Germany. Energiekontor has a
track-record of 25 years in developing and operating wind parks. To date,
the company has completed around 95 wind parks with a generation capacity
of almost 760 MW. "Energiekontor is an experienced and professional partner
whom we are very pleased to work with. We are currently reviewing further
opportunities for cooperation", commented Dr. Maubach.

Capital Stage is increasing its total generation volume to almost 550 MW
with the addition of this new wind park. By doing so, it is increasing the
share of wind energy in its existing portfolio by over 13 per cent, taking
the new total to 19 per cent.

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
almost 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: till.giessmann@capitalstage.com

For more information, visit www.capitalstage.com

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2015-11-18 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.

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Language: English
Company: Capital Stage AG
Große Elbstraße 45
22767 Hamburg
Germany
Phone: +49 4037 85 62 -0
Fax: +49 4037 85 62 -129
E-mail: info@capitalstage.com
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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