Capital Stage to expand its French solar park portfolio by over 60 MW until the end of 2017
Hamburg, November 17, 2016 - SDAX-listed Hamburg-based solar and wind park operator Capital Stage will, as already announced in March 2016, expand its French solar park portfolio by over 60 MW until the end of 2017. The company today secured the financing of the parks as a classic project loan in close cooperation with its French partner Luxel, a project developer and IPP based in Pérols in the south of France. The financing signed today totals approx. EUR 50 million and will be made available by the French banking group Crédit Agricole. As usual, the solar parks will be financed on a non-recourse basis at the level of the park entities. The construction of the parks will be mainly managed and supervised by Luxel in close cooperation with Capital Stage.
The French solar parks will benefit from a fixed feed-in tariff guaranteed by the government for a period of 20 years. Capital Stage expects the first park (5 MW) to be fully operational presumably in the beginning of the second quarter of 2017, with the last park (10 MW) expected to be taken into operation at the end of 2017. The revenue contributions made by the new French parks should total roughly EUR 6.2 million - starting with the first full year of operation of each park.
Taking into account the new French solar parks and assuming no further acquisitions during this period, the total generating capacity of Capital Stage will increase to over 1.2 GW.
About Capital Stage AG: Since 2009, Capital Stage invests and operates solar power plants and wind parks in Germany, Austria, France, Finland, UK, Italy, and Sweden. Including the solar and wind parks acquired and operated in the context of the asset management activities for third parties, the company's generation capacity amounts to over 1 GW, making it one of the leading solar and wind park operators in Europe. The solar and wind parks generate attractive returns as well as steady and predictable income.
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). Since 2014, Capital Stage AG is listed in the Deutsche Börse selective index SDAX.
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@example.com
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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: firstname.lastname@example.org 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