ENCAVIS AG

M&A Activity • Nov 6, 2015

News Details

Corporate | 6 November 2015 10:09

Capital Stage acquires another British solar park

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

2015-11-06 / 10:09

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Hamburg, 6 November 2015 - Capital Stage, the SDAX-listed solar and wind
park operator based in Hamburg, acquired another British solar park with a
generating capacity of around 5 MW. Therewith Capital Stage further expands
its position on the British solar market to a total generating capacity of
almost 70 MW. The total investment volume including planned debt project
financing amounts to about GBP 5.9 million (approx. EUR 8.3m).

The solar park is located in the south-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 newly acquired British solar park to make revenue contributions
of approximately 600 TGBP (approx. TEUR 850) from the first year of full
operation onwards.

At the time of acquisition the solar park 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 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 and runs various other attractive projects in the UK
that are currently being reviewed by Capital Stage.

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 500 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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2015-11-06 Dissemination of a Corporate News, transmitted by DGAP - a
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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

409837 2015-11-06