17.11.2016
Capital Stage AG DE0006095003
DGAP-News: Capital Stage to expand its French solar park portfolio by over 60 MW until the end of 2017
DGAP-News: Capital Stage AG / Key word(s): Miscellaneous/Miscellaneous
Capital Stage to expand its French solar park portfolio by over 60 MW until
the end of 2017
17.11.2016 / 13:23
The issuer is solely responsible for the content of this announcement.
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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 protected]
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17.11.2016 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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521951 17.11.2016
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