Corporate | 15 November 2013 10:54
Capital Stage AG / Key word(s): Contract
15.11.2013 / 10:54
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Hamburg, 15 November 2013 - Capital Stage AG from Hamburg acquires the
solar farm Wolgast in Mecklenburg-Vorpommern. The farm is currently under
construction on a green field of 13.2 ha and is going to have a capacity of
8 MWp. The entry into service according to the German Renewable Energy Act
is scheduled for December 2013. The closing of the transaction is subject
to customary conditions precedent. After the closing of the transaction,
Capital Stage's total portfolio of solar and wind farms consists of power
plants with a total capacity of around 200 MWp.
Felix Goedhart, CEO of Capital Stage AG: 'The acquisition shows, that even
with the current feed-in-tariffs for PV power plants in Germany we are able
to identifiy farms with attractive returns. We are achieving this not least
due to our excellent network, as we have acquired the farm from proven
partners.' Recently, Capital Stage successfully closed the largest capital
increase in the company's history, receiving funds of around 50 million
euros for growth investments. 'We have envisaged our investors further
growth in short notice. Now we put this into practice', says Goedhart.
After the closing of the current transaction the company still has free
liquidity of approximately 60 million euros for further acquisitions. The
investment scope includes solar and wind farms in Germany, Northern Italy
and France.
About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany and Northern Italy with a capacity totaling to around 200 MWp,
making it Germany's largest operator of solar farms. Its solar and wind
parks generate attractive returns and continuous revenues, while offering a
moderate level of investment risk.
Capital Stage AG is listed in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange an in the regulated market of the Hanseatic Stock
Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500).
For further information about the company, please visit
www.capitalstage.com
For further information:
Thomas Schnorrenberg
Capital Stage AG
Tel.: + 49 (0)40 378 562 242
Fax: + 49 (0)40 378 562 129
Email: thomas.schnorrenberg@capitalstage.com
Sebastian Bucher
Kirchhoff Consult AG
Tel.: +49 (0)40 6091 8618
Fax: +49 (0)40 6091 8660
Email: sebastian.bucher@kirchhoff.de
End of Corporate News
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Language: English
Company: Capital Stage AG
Große Elbstraße 45
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
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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240133 15.11.2013