Corporate | 16 December 2013 15:33

Capital Stage AG: Successful market entry in France

Capital Stage AG / Key word(s): Contract

16.12.2013 / 15:33

Hamburg, 16 December 2013 – For the first time, Hamburg based solar and wind park operator Capital Stage AG has acquired two solar parks in France with a total capacity of around 23 MWp. Corresponding contracts have been signed today with Luxel SAS, Pérols, France.

The projects in the Languedoc-Roussillon region in southern France are ready for construction and only high-quality modules, which have been produced in the EU, will be installed. For this, operators receive a ten per cent bonus on the current feed-in tariff according to the legal provisions for solar power supply in France.

Start of construction for the first project with a capacity of 11 MWp is expected to take place in January 2014. Construction of the second project with a capacity of 12 MWp is going to begin just a few weeks later. Commissioning and grid connection are scheduled in the course of the second respectively third quarter of 2014.

Felix Goedhart, CEO of Capital Stage AG: ‘Thanks to our very good liquidity position we are currently implementing the largest investment programme of our company’s history. Thus, with 23 MWp we have achieved a relevant size in the market in France off the cuff, which will facilitate our access to further projects.’

About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in Germany, France and Italy with a capacity totaling to more than 226 MWp, making it Germany’s largest independent operator of solar parks. 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 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
E-Mail: thomas.schnorrenberg@capitalstage.com

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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