ENCAVIS AG

M&A Activity • Aug 13, 2015

News Details

Corporate | 13 August 2015 21:25

Correction: Capital Stage – German solar park acquired

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

2015-08-13 / 21:25

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Hamburg, 13 August 2015 - Capital Stage, the SDAX-listed solar park and
wind farm operator based in Hamburg, Germany, today signed the agreement to
acquire a German solar park with a generation capacity of approximately 14
MW. The solar park is being sold by GP JOULE, a developer of international
power plants based in Schleswig-Holstein (Germany). The total investment
volume amounts to just under EUR 17 million, with the existing project
financing being retained. The acquisition is subject to the usual
conditions precedent.

The solar park portfolio acquired by Capital Stage today is located in the
Wittenberg district of Saxony-Anhalt (Germany) and has a total generation
capacity of around 14 MW. Of this total, some 8.0 MW is attributable to a
completed solar park that was connected to the grid in 2012 with a fixed,
long-term feed-in tariff of some 12.4 cents/kWh. Around 6.0 MW is
attributable to a solar park whose connection to the grid is scheduled for
September 2015.

"The acquisition of this German solar park portfolio demonstrates once
again that there are still plenty of highly attractive opportunities in the
area of existing PV installations in Germany, which we will continue to
analyse and benefit from in the future," comments Felix Goedhart, CEO of
Capital Stage AG. "Due to our low-risk business model comprising solar
parks and wind farms with fixed feed-in tariffs we are unaffected by the
current macroeconomic fluctuations and rather profit from the existing and
ongoing low-interest environment," Goedhart continues.

The acquisition of the German solar park forms part of the investments
being made in the context of the strategic partnership with the Gothaet
insurance group (Gothaer Versicherungen). This partnership involves
investment capital of EUR 150 million being made available to Capital
Stage.

Capital Stage currently analysis further potential acquisitons in its core
markets Germany, France, Italy and the UK, and is confident that it will
have fully invested the funds from the strategic partnership by the end of
2015.

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 capacity of almost 500 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 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 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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2015-08-13 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

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