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M&A Activity • Dec 23, 2014

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Corporate | 23 December 2014 17:17

Capital Stage AG expands solar park portfolio in Italy

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

23.12.2014 / 17:17

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Capital Stage AG expands solar park portfolio in Italy

Hamburg, 23 December 2014 - Hamburg based solar and wind park operator
Capital Stage today has signed a contract over the acquisition of six
Italian solar parks with a total capacity of 26.7 MWp. The total investment
volume of the acquisition amounts to about 30 million Euros, the herein
contained project financing of UniCredit and Bayern LB will be taken over.
With the acquisition of the Italian solar park portfiolio Capital Stage
rapidly further implements the investment process from the cooperation with
Gothaer insurances as planed.

The six Italian solarparks are located in the region of Friuli, about 100
kilometres south-east of Venice. The solar parks were taken into operation
between February and September 2013. The average feed-in tariff amounts to
about 12,4 cent per kWh. The seller of the Italian solar park portfolio is
the international project developer GP JOULE based in Schleswig-Holstein.
The sale again underlines the good business relations between GP JOULE and
Capital Stage. Both companies share the technical and commercial management
of the Italian solar park portfolio. While GP JOULE takes care of the
technical management Capital Stage is responsible for the commercial
operations of the parks.

The acquisition of the Italian solar parks is an integral part of the
investment process from the cooperation with Gothaer insurances. Within the
scope of this partnership financing resources of 150 million Euros were
made available to Capital Stage.

By acquiring the six Italian solar park portfolios Capital Stage has
further expanded its position on the Italian solar market from 31.0 MWp to
about 58.0 MWp. Altogether, the power production portfolio of Capital Stage
increases throught this acquisition from 364.0 MWp to about 390.0 MWp. As
such, Capital Stage has increased its total power production capacity by 60
per cent over the year 2014.

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 MWp,
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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23.12.2014 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: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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