Corporate | 20 December 2013 12:22
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Capital Stage AG / Key word(s): Miscellaneous
– Expansion of power generation capacity by 51 MWp since capital increase – Total investment volume to date of 100 million euros – Successful market entry in France – Attractive returns of up to 15 per cent – Further investments planned for 2014 Hamburg, 20 December 2013 – Hamburg based solar and wind park operator Capital Stage has expanded its power generation portfolio during the last two months by around 51 MWp respectively 27 per cent in the context of the largest investment programme of the company’s history. In total, the company invested 100 million euros into solar parks in Germany, Italy and France since the closing of the capital increase in October 2013, thereof about 44 million euros equity. In addition, with an installed capacity of 34 MWp the market entry in France succeeded with a significant magnitude. Thereby, the targets announced in the context of the capital increase have been exceeded. Felix Goedhart, CEO of Capital Stage AG, was pleased with regard to the fast growth: ‘The allocation of the funds provided to us was conducted swiftly and efficient. Already before the completion of the on-going investment programme we are abele to state, that we have implemented the prefigured targets, which had been the expansion of capacity and geographical diversification, faster than expected. We have enlarged our portfolio by the most recent acquisitions not only in terms of quantity but also with respect to quality. The attractive returns are going to be represented in our financials during the upcoming years.’ With the transactions completed to date, the solar and wind park portfolio of Capital Stage increased to more than 241 MWp. Also the service business of the Group’s subsidiary Capital Stage Solar Service GmbH has been enhanced significantly. ‘Our pipeline is still well equipped. We will carry out attractive investments with the remaining issue proceeds and our cash also in 2014,’ Goedhart summarises.
About Capital Stage AG:
For further information about the company, please visit www.capitalstage.com
Thomas Schnorrenberg
Capital Stage AG
End of Corporate News 20.12.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 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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| 245852 20.12.2013 |