ENCAVIS AG

Regulatory Filings • May 27, 2016

News Details

Corporate | 27 May 2016 13:56

Capital Stage increases existing PV-portfolio in the UK to over 80 MW

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

2016-05-27 / 13:56
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, Germany, has again acquired another UK solar
park with a generation capacity of 5 MW from F&S solar concept (F&S).
Capital Stage and F&S, a German project developer based in Euskirchen, have
been cooperating on the British PV market already since 2015. Since then,
Capital Stage has already acquired four British PV-parks from F&S solar
including the new acquisition. The generating capacity of all PV parks
owned by Capital Stage in the United Kingdom now surpasses 80 MW.

The solar park acquired by Capital Stage is located in the southeast of
England in the county of Bedfordshire. Another British PV park of Capital
Stage is in close vicinity to the newly acquired assets. The acquired
PV-park is already in operation and has been connected to the UK power grid
back in March 2016. For the power generated a long-term power purchase
agreement (PPA) has again be signed with Neas Energy, Denmark, an
internationally operating energy trading company. The total investment in
the park amounts to roughly EUR 6.3m (GBP 4.8m). Capital Stage expects the
park to generate sales revenues of approx. TEUR 600 (TGBP 460) 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. Due to the close vicinity to another Capital Stage owned PV-park
the company is optimistic to create synergies after taking over the
technical management of the new acquisition. 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
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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2016-05-27 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