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Capital/Financing Update • Aug 7, 2017
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Capital/Financing Update
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Corporate | 7 August 2017 10:17
Capital Stage AG acquires additional wind turbine generators in Denmark with a total generation capacity of nearly 10 MW
DGAP-News: Capital Stage AG / Key word(s): Miscellaneous/Miscellaneous
07.08.2017 / 10:17
The issuer is solely responsible for the content of this announcement.
Capital Stage AG acquires additional wind turbine generators in Denmark with a total generation capacity of nearly 10 MW
Hamburg, 7 August 2017 – The SDAX-listed Hamburg-based solar and wind park operator Capital Stage signed an agreement for the acquisition of three additional wind turbine generators (WTG) in Denmark. The total generation capacity of the Vestas V 112 turbines is 9.9 megawatts (MW). The WTG have been connected to the grid since 2014 and benefit from a government-guaranteed premium for a fixed number of full-load hours. The total investment volume for the wind parks, including project-related debt financing, will amount to approximately EUR 12.0 million.
The WTG are part of the existing wind park Norhede I, not far from Ringkøbing on the North Sea coast of Denmark. The wind park benefits from a government-guaranteed premium in Denmark, which is granted for the first 22,000 full-load hours. Capital Stage assumes that the wind park will generate revenue contributions of some EUR 1.4 million per year. Beneficial transfer of ownership is to take place with retroactive effect from 1 April 2017.
“In Denmark we find an outstanding framework in terms of meteorological, economic and political conditions for investments. The wind turbine generators in Denmark, which we acquired recently, are connected to the grid since 2014 and the achieved power generation is above the expectations ever since”, comments Holger Götze, COO of Capital Stage AG the purchase. “With the two latest acquisitions in Germany and Denmark we were able to expand our windpark portfolio again by nearly 30 MW.”, adds Götze.
With the most recent acquisition, Capital Stage has expanded its portfolio in Denmark to some 25 megawatts. In total, the capacity of the Capital Stage Group’s wind park portfolio has now exceeded 540 megawatts.
About Capital Stage AG:
Capital Stage invests in and operates solar and wind parks in Germany, Denmark, Finland, France, the United Kingdom, Italy, Austria 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 almost 1.3 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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Capital Stage AG
Große Elbstraße 59
22767 Hamburg
Fon: + 49 40 37 85 62-242
Fax: + 49 40 37 85 62-129
e-mail: [email protected]
http://www.capitalstage.com
07.08.2017 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 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, Tradegate Exchange |
| End of News | DGAP News Service |