15.11.2016
Capital Stage AG DE0006095003
DGAP-News: Capital Stage acquires solar park in the UK
DGAP-News: Capital Stage AG / Key word(s): Miscellaneous/Miscellaneous
Capital Stage acquires solar park in the UK
15.11.2016 / 11:42
The issuer is solely responsible for the content of this announcement.
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Hamburg, Germany, November 15, 2016 - The SDAX-listed Hamburg-based solar
and wind park operator Capital Stage has acquired another UK solar park
with a generation capacity of 5 MW. It benefits from a fixed feed-in tariff
guaranteed by the government for a period of 20 years, is already in
operation and connected to the grid since December 2015.
The solar park is located in the southwest of England in the county of
Devon, near by the city of Exeter. A purchase commitment at a feed-in
tariff of GBP 0.1114/kWh (EUR 0.13/kWh) is guaranteed by the government.
The vendor is HCE Europe Limited (HCE), an affiliate of the Indian project
developer Hindustan Cleanenergy Limited. The total investment volume in the
park amounts to roughly EUR 6.5m (GBP 5,7m). Capital Stage expects the park
to generate sales revenues of approx. EUR 680,000 (GBP 600,000) as of the
first year of full operation.
Another affiliate of HCE 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. Capital Stage is responsible for the
commercial management.
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.
With the acquisition the total generating capacity of all Capital Stage
solar parks based in the UK increases to almost 90 MW and reaches a share
of roughly 9% of the total generating capacity from all solar and wind
parks of the company.
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 solar and wind parks acquired for third parties within the Asset
Management segment of Capital Stage the total generating capacity already
exceeds 1 GW. As such, Capital Stage is one of the leading independent
solar and wind park operators in Europe. Capital Stage's portfolio of solar
and wind parks generate attractive returns as well as highly stable and
predictable revenues.
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 protected]
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15.11.2016 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
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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
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