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M&A Activity • Oct 5, 2015

News Details

Corporate | 5 October 2015 10:34

Capital Stage acquires German wind park – total generation capacity passes 500 MW mark

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

2015-10-05 / 10:34

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Hamburg, 5 October 2015 - Capital Stage, the SDAX-listed solar and wind
park operator based in Hamburg, Germany, today acquired a wind park in
Brandenburg, Germany, with a generation capacity of 7.5 MW. This takes the
total generation capacity of Capital Stage's portfolio beyond the 500 MW
mark, which is already equivalent to half the output of a nuclear power
plant. The wind park was sold by the family-owned business unlimited energy
GmbH based in Berlin-Schönefeld, Germany, and the international power plant
project manager GP JOULE headquartered in Schleswig-Holstein, Germany. The
total investment volume amounts to about EUR 18 million, with the existing
project financing being retained. The acquisition is still subject to the
usual conditions precedent.

The wind park acquired by Capital Stage comprises three wind turbines and
is part of the Wahlsdorf-Dahme wind park in Brandenburg, Germany. The three
wind turbines have a joint generation capacity of 7.5 MW and are scheduled
to be connected to the grid in the first quarter of 2016 the latest. The
wind park will benefit from a guaranteed feed-in tariff of 8.69 cents/kWh
up to the end of the year 2035. Capital Stage expects the park to make
revenue contributions of approximately EUR 1.7 million from its first full
year of operation. The acquisition of the wind park increases the solar and
wind power generation capacity of Capital Stage's complete portfolio to
more than 500 MW.

The acquisition once again demonstrates that attractive projects in the
area of solar and wind energy are still being developed and available in
the German market. Capital Stage will continue to systematically seize such
opportunities. Already in mid-August 2015, the company announced that it
had acquired another German solar park with a generation capacity of
approximately 14 MW, which too was sold by the international power plant
project manager GP JOULE.

The acquisition of the German wind park is part of Capital Stage's strategy
to further increase the diversification of its existing portfolio but at
the same time to keep the proportion of its generation capacity that comes
from German solar and wind parks at around the current level of 40 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 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

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2015-10-05 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

399893 2015-10-05