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Regulatory Filings • Aug 10, 2016
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Corporate | 10 August 2016 10:57
Capital Stage AG continues succesfull cooperation with the Energiekontor AG and acquires another onshore wind park in North Rhine-Westphalia (Germany) with a capacity of 7.5 MW
DGAP-News: Capital Stage AG / Key word(s): Miscellaneous
2016-08-10 / 10:57
The issuer is solely responsible for the content of this announcement.
Hamburg, 10 August 2016 – Capital Stage, the SDAX-listed solar and wind park operator based in Hamburg, as announced earlier this year has continued the successful cooperation with the Bremen-based Energiekontor AG and acquired an onshore wind park in the German Federal state of North Rhine-Westphalia with a generation capacity of some 7.5 MW. The total investment volume for the onshore wind park acquired, including debt financing on the project level, sums up to some EUR 20.0 million. The wind park is part of a repowering project and thus has long-term data regarding the wind supply. Grid connection is scheduled to be established during the fourth quarter of 2016.
The onshore wind park acquired by Capital Stage with a generation capacity of 7.5 MW is located in the federal state of North Rhine-Westphalia near by the city of Grevenbroich. The wind park comprises three wind turbines of the type General Electrics 2.5 120 with a hub height of 120 metres. The park is a so-called re-powering wind park, which involves replacing old wind park installations with new ones. The park is expected to be fully running during the course of the fourth quarter of 2016. The total investment volume, including debt financing on the project level, is about EUR 20.0 million. The acquisition is subject to the usual conditions precedent.
Due to the re-powering status, long-term data regarding the wind supply directly on-site can be used for the revenue calculations. The data base covers a period of about ten years of wind supply history in the region. Moreover, the wind park benefits from a guaranteed feed-in tariff of 8.48 Euro-Cent per kilowatt-hour (kWh) for a period of 20 years. Beginning with the first full year of operation, Capital Stage expects the new wind park to generate revenue contributions of nearly EUR 2.0 million.
Project developer and seller of the wind park is the Energiekontor AG with which Capital Stage already has a successfully cooperation since November 2015. The newly acquired wind park is already the third wind park Capital Stage bought from the Energiekontor AG. Also the commercial and technical management of the newly acquired wind park will be provided by a subsidiary of Energiekontor AG.
The new acquisition increases Capital Stage’s total generation capacity from wind power to over 140 MW thereby raising its total generation capacity from solar – and wind energy to significantly more than 600 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 600 MW. As such, Capital Stage today is Germany’s largest independent operator of solar parks. 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: [email protected]
2016-08-10 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: | [email protected] |
| 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, Tradegate Exchange |
| End of News | DGAP News Service |