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M&A Activity • Dec 12, 2014

News Details

Corporate | 12 December 2014 08:13

Capital Stage AG acquires largest solar park portfolio in its history

DGAP-News: Capital Stage AG / Key word(s): Strategic Company Decision

12.12.2014 / 08:13

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Hamburg, 12 December 2014 - Hamburg based solar and wind park operator
Capital Stage signed a contract concerning the purchase of the largest
solar park portfolio in the company's history. The portfolio, located in
southern France, comprises a total capacity of 50.8 MWp. The acquisition's
total investment volume is approximately 70 million Euros. The existing
project finance from HSH Nordbank will be taken over. The acquisition is
part of the recently concluded cooperation with the German insurer Gothaer
Group.

The portfolio consists of five solar parks in the region of Aquitaine in
southwest France, located only 100 kilometres away from an already existing
solar park portfolio of Capital Stage. The complete commissioning of the
solar parks shall be effected until the end of December 2014. The feed-in
tariff has been secured prematurely and averages approximately 11 Cents per
kWh during the period of the fixed feed-in remuneration until 2032. The
solar park portfolio's seller is the international power plant project
developer GP JOULE located in Schleswig-Holstein, Germany. GP JOULE also
maintains the technical and commercial operations of the solar parks. "For
us, Capital Stage is a reliable and strong investor we want to collaborate
with in the future", Ove Petersen, founder and managing director of GP
JOULE comments on the sale.

The acquisition of the French solar parks is part of the strategic
partnership with Gothaer Group of November 2014. In the context of this
strategic partnership Gothaer Group grants to Capital Stage profit
participation rights capital amounting to 150 million Euros with a duration
of 20 years for investments in European solar parks. "We have access to a
well-stocked and attractive acquisition pipeline and are confident that, in
line with our plans, we will have invested the investment funds in total
until the end of 2015", says Felix Goedhart, CEO of Capital Stage AG.

By acquiring the French solar park portfolio Capital Stage expands its
market position in the French solar market from 90 MWp up to more than 140
MWp. Capital Stage's total power production portfolio thereby increases
from 313 MW to approximately 364 MW.

About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany, France and Italy with a capacity totalling to around 364 MW,
making it Germany's largest operator of solar parks. Its solar and wind
parks generate attractive returns and continuous revenues, while offering a
moderate level of investment risk.

Capital Stage AG is listed in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange an in the regulated market of the Hanseatic Stock
Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500). The shares of Capital
Stage AG have been included in the Deutsche Börse selective index SDAX in
March 2014.

For further information about the company, please visit
www.capitalstage.com

Contact:

Till Gießmann
Capital Stage AG
Tel.: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
E-Mail: till.giessmann@capitalstage.com

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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: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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