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M&A Activity • May 20, 2016

News Details

Corporate | 20 May 2016 08:32

Capital Stage AG acquires German onshore wind park with a capacity of 18 MW

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

2016-05-20 / 08:32
The issuer is solely responsible for the content of this announcement.

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Capital Stage, the SDAX-listed solar and wind park operator based in
Hamburg, has once again acquired an onshore wind park near Bremerhaven in
Germany with a generation capacity of some 18.0 MW. With this transaction,
Capital Stage is promptly setting forth its successful investment strategy
following the capital increase completetd end of April 2016. The total
investment volume for the onshore wind park acquired, including debt, is
nearly EUR 40 million. In addition, on the basis of an attractive and
promising project pipeline, Capital Stage expects to be able to announce
further acquisitions in the area of solar energy and wind power before
long.

The German onshore wind park acquired today by Capital Stage has a
generation capacity of 18.0 MW and is located near Bremerhaven in Lower
Saxony. The wind park comprises four Gamesa G128-4.5 wind turbines with a
hub height of 120 metres. The park is currently in the deployment phase;
more precisely, the park is a so-called re-powering wind park, which
involves replacing old wind park installations with new ones. The first new
turbines are expected to be fully up and running by the end of December
2016, with the entire wind park reaching its full output by the end of
March 2017. The total investment volume, including debt, is approximately
EUR 40 million. The acquisition is, as per usual, still subject to standard
conditions precedent.

Due to the re-powering status, long-term data regarding the wind directly
on-site can be used for the revenue calculations. Moreover, the wind park
benefits from a guaranteed feed-in tariff of 8.40 Euro-Cent per
kilowatt-hour (kWh) for three of the installations and 8.30 Euro-Cent per
kilowatt-hour for the remaining installation. The guaranteed feed-in tariff
has a remaining term through the end of 2032. Beginning with the first full
year of operation, the newly acquired German onshore wind park should
generate revenue contributions of nearly EUR 4 million.

The seller of the onshore wind park is the Bremen-based and exchange-listed
company Energiekontor AG, from which Capital Stage acquired a different
German onshore wind park in November 2015 with a generation capacity of
38.5 MW. In this context, both companies had already announced the review
of further possibilities for collaboration and intend to continue working
in close partnership in future.

Capital Stage is increasing its total generation capacity to almost 600 MW
with the addition of this new wind park. In doing so, it is boosting its
share of the existing wind energy portfolio from 18 per cent to around 21
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
almost 600 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 more than 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
Fon.: + 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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2016-05-20 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: 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