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M&A Activity • Mar 17, 2016

News Details

Corporate | 17 March 2016 15:22

Capital Stage AG continues successful cooperation with German project developer in the UK

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

2016-03-17 / 15:22
The issuer is solely responsible for the content of this announcement.

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Hamburg, 17 March 2016 - Capital Stage, the SDAX-listed solar and wind park
operator based in Hamburg, Germany, has acquired another UK solar park with
a generation capacity of 5 MWp from the German project developer F&S solar
concept (F&S) based in Euskirchen. With the new acquisition the two
companies continue their successful cooperation from mid 2015 also in 2016
as planned. The latest acquisition increases Capital Stage's existing UK
solar park portfolio to almost 80 MWp.

The solar park acquired by Capital Stage is located in central England near
Horton, County North Hamptonshire. The park has been connected to the UK
power grid since December 2015 and has signed a long-term power purchase
agreement (PPA) with Neas Energy, Denmark, an internationally operating
energy trading company. The total investment in the park amounts to roughly
EUR 6 million. Capital Stage expects the park to generate sales revenues of
approx. TGBP 500 (approx. TEUR 650) as of the first year of full operation.

F&S will provide the technical management for the parks for a period of two
years. After that period, technical management will be handed over to
Capital Stage Solar Service GmbH, a wholly-owned subsidiary of Capital
Stage AG. Capital Stage will assume responsibility for commercial
management immediately after the transfer of ownership.

The solar park will initially be fully financed from the company's own
funds; refinancing in the form of a classic project loan is planned for a
later date. The respective framework agreement has already been signed with
the German BayernLB.

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 570 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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2016-03-17 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