ENCAVIS AG

Regulatory Filings • Oct 17, 2014

News Details

Corporate | 17 October 2014 11:30

Capital Stage acquires solar park in Germany

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

17.10.2014 / 11:30

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Hamburg, 17 October 2014 - Today, Hamburg based solar and wind park
operator Capital Stage signed a contract for the acquisition of a further
solar park in Germany with a capacity of 5.6 MWp. Scatec Power AS, located
in Oslo (Norway) is the vendor. The parties have agreed on keeping the
purchase price confidential. The closing of the transaction is subject to
market standard conditions precedent.

The solar park Pfeffenhausen (Bavaria, Germany) was put into operation in
two separate steps at the end of 2008 and at the beginning of 2009.
Therefore, the electricity produced and fed into the grid is being
remunerated according to the EEG tariff with more than 34 cent per kWh,
which had then been applicable. The geographical position between Munich
and Regensburg provides optimal prerequisits for the operation of
photovoltaic facilities because of the very good solar irradiation
conditions.

"The acquisition of the solar park Pfeffenhausen shows that, especially in
the German market, numerous attractive investment opportunities in the
field of existing plants do exist", commented Felix Goedhart, CEO of
Capital Stage AG.

Simultaniously to the acquisition of the solar park, Capital Stage Solar
Services GmbH takes over the technical and commercial management of the
facility. By this, the service subsidiary of Capital Stage AG enlarges its
managed volume to more than 185 MWp, thereof around 25 MWp for third
parties.

Furthermore, the company announces the rescission of the purchase contract
signed in the financial year 2013 for the solar park Wolgast
(Mecklenburg-Vorpommern, Germany) with a capacity of 8 MWp as the
conditions precedent agreed on in the contract at the time did not
materialise.

Thus, the capacity of the power production portfolio of Capital Stage
amounts to more than 313 MWp in total.

About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany, France and Italy with a capacity totalling to around 313 MWp,
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 an in the regulated market of the Hanseatic Stock
Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500). The shares of Capital
Stage AG have been included in the Deutsche Börse selective index SDAX in
March 2014.

For further information about the company, please visit
www.capitalstage.com

Contact:

Till Gießmann
Capital Stage AG
Tel.: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
E-Mail: till.giessmann@capitalstage.com

Sebastian Bucher
Kirchhoff Consult AG
Tel.: + 49 (0)40 60 91 86-18
Fax: + 49 (0)40 60 91 86-60
E-Mail: sebastian.bucher@kirchhoff.de

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17.10.2014 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 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: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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