ENCAVIS AG

M&A Activity • Feb 15, 2016

News Details

Corporate | 15 February 2016 10:12

Capital Stage AG increases Italian PV-Portfolio to over 100 MWp

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

2016-02-15 / 10:12
The issuer is solely responsible for the content of this announcement.

---

Hamburg, February 15, 2016 - Capital Stage, the SDAX-listed solar and wind
park operator based in Hamburg, today signed an agreement to acquire four
Italian solar parks with a total capacity of 16.9 MWp. The total investment
volume of the acquisition, including project debt, amounts to around EUR
65.4 million. The transaction is part of the investment process that has
been agreed upon on the basis of a long-term strategic partnership with the
German Gothaer Insurance Group. With the four new solar parks the total PV
generating capacity of Capital Stage in Italy increases to over 100 MWp.
The acquisition is subject to the usual conditions precedent.

The four Italian solar parks are located in the region of Piemont in the
northwest of Italy between the city of Turin and Genoa. The solar parks
went into operation between April and December 2011. The average feed-in
tariff is approximately 27.3 cents per kWh and is guaranteed by the Italian
government for a remaining of 15 years. Capital Stage expects the solar
parks to generate revenue contributions of approximately EUR 8.6 million
from its first year of full operation.

The parks are sold to Capital Stage by a Spanish project developer and
operating company. Presumably as of March 1, 2016 the technical management
of the PV parks will be managed by Capital Stage Solar Service GmbH, Halle,
Germany, a wholly owned subsidiary of Capital Stage AG. Therewith Capital
Stage Solar Service manages 48 solar parks in total with a generating
capacity of more than 200 MWp.

The acquisition increases the PV generating capacity of Capital Stage in
Italy from some 86.7 MWp to around 103.6 MWp. The total generating capacity
of Capital Stage from wind and solar energy is raised from around 554 MW to
over 570 MW.

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

---

2016-02-15 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.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

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