CHORUS Clean Energy AG, DE000A12UL56

CHORUS Clean Energy AG, DE000A12UL56

12.04.2017 - 11:26:43

CHORUS Clean Energy AG acquires another wind park for Institutional customer in Asset Management Segment

PRESS RELEASE

CHORUS Clean Energy AG acquires another wind park for Institutional customer in Asset Management Segment

- Acquisition of a wind park in northern France with 11.5 MW

- The five turbines have been connected to the grid since February 2015

- Capacity of CHORUS' managed portfolio rises to over 540 megawatts  

Neubiberg/Munich, April 12, 2017 - CHORUS Clean Energy AG ("CHORUS"), specialized in investing and operating solar and wind park operation based in Neubiberg near Munich, acquired the "Clementine" wind park in the French region of Picardy on behalf of a renowned German pension fund. The wind park consists of five Enercon E-82 turbines with a hub height of 78.3 meters and a nominal capacity of 2.3 MW per unit. Its turbines have been connected to the grid since February 2015. The wind park receives a guaranteed feed-in tariff starting at 8.52 cents per kilowatt hour (kWh) fed-in. The wind park should produce more than 24,000 megawatt-hours of clean energy with every full year of operation and thereby save the equivalent of nearly 15,000 tons of CO2, which is one of the main causes of climate change.

Back in September 2016, this renowned pension fund commissioned CHORUS to successively establish a portfolio of renewable energy parks and manage these over the long term. The portfolio already consisted of four wind parks with a total capacity of 62.1 MW, which now increases to a total capacity of 73.6 MW.

"We are pleased that we could further diversify the portfolio for our institutional customer with the most recent acquisition. The turbines purchased correspond to the needs of a pension fund, which aims to generate stable returns with its investments without having to pass up attractive yields. Over the course of the transaction, the total capacity of the portfolio managed by CHORUS rose to more than 540 MW," explains Karsten Mieth, Management Board member at CHORUS Clean Energy AG.

About CHORUS CHORUS Group was founded in 1998 and operates 96 solar and wind parks with a capacity of more than 540 MW in seven European countries. With a broadly diversified portfolio, the company generates stable, dependable and sustainable returns. For professional investors, CHORUS offers investment opportunities in power plants that generate renewable energy. CHORUS Clean Energy AG covers the entire investment cycle - from asset sourcing via financial and legal due diligence to operational management and divestment.

Since the end of 2016, Capital Stage AG headquartered in Hamburg and listed on the SDAX has held more than 95 percent of the shares in the company. Together, the Capital Stage Group operates solar power plants and wind parks in Germany, France, Finland, the UK, Italy, Austria and Sweden with a total capacity of more than 1.2 gigawatts.

Contact: Investor Relations CHORUS Clean Energy AG Tel.: +49 (0) 89 / 442 30 60 - 0 Fax: +49 (0) 89 / 442 30 60 - 11 E-mail: IR@chorus.de  

12.04.2017 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. Archive at www.dgap.de

Language: English

Company: CHORUS Clean Energy AG Prof.-Messerschmitt-Straße 3 85579 Neubiberg / Munich

Germany Phone: +49 (0)89 442 30 60 - 0 Fax: +49 (0)89 442 30 60 - 11 E-mail: info@chorus.de Internet: www.chorus-gruppe.de ISIN: DE000A12UL56 WKN: A12UL5 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange   End of News DGAP News Service

564485  12.04.2017 

@ dgap.de

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