Corporate | 12 July 2016 12:12
DGAP-News: Capital Stage AG / Key word(s): Miscellaneous/Miscellaneous
2016-07-12 / 12:12
The issuer is solely responsible for the content of this announcement.
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Hamburg 12 July 2016 - Capital Stage, the SDAX-listed solar and wind park
operator based in Hamburg, has again acquired an onshore wind park in the
German Federal state of Lower Saxony with a generation capacity of some 6.4
MW. With this transaction, Capital Stage is setting forth its successful
partnership with the Bremen-based Energiekontor AG, which is the project
developer and seller of the wind park. The total investment volume for the
onshore wind park acquired, including debt financing on the project level,
sums up to some EUR 13.5 million. With the new acquisition by Capital Stage
the total generation capacity from wind energy increases to over 130 MW.
The newly acquired German onshore wind park by Capital Stage with a
generation capacity of 6.4 MW is located between the city of Cuxhaven and
Wischhafen in the German Federal state of Lower Saxony. The wind park
comprises two wind turbines of the type Senvion 114 G-3.25 with a hub
height of 120 metres. The park is a so-called re-powering wind park, which
involves replacing old wind park installations with new ones. The park is
expected to be fully running by the end of December 2016. The total
investment volume, including debt financing on the project level, is about
EUR 13.5 million. The acquisition is subject to the usual conditions
precedent.
Due to the re-powering status, long-term data regarding the wind supply
directly on-site can be used for the revenue calculations. The data base
covers a period of about ten years of wind supply history in the region.
Moreover, the wind park benefits from a guaranteed feed-in tariff of 8.40
Euro-Cent per kilowatt-hour (kWh) for a period of 20 years adjusted for
expenses associated with direct marketing of electricity. Beginning with
the first full year of operation, Capital Stage expects the new wind park
to generate revenue contributions of nearly EUR 1.4 million.
With the acquisition of another wind park from the Bremen-based
Energiekontor AG, Capital Stage and Energiekontor AG continue their
successful partnership which both companies already announced in November
2015. Already in November 2015 and May 2016 Capital Sgtage acquired onshore
wind parks based in Germany from Energiekontor AG. Also the commercial and
technical management of the newly acquired wind park will be provided by a
subsidiary of Energiekontor AG.
The new acquisition increases Capital Stage's total generation capacity
from wind power to over 130 MW thereby raising its total generation
capacity from solar - and wind energy to more than 600 MW.
About Capital Stage AG:
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany, France, Italy and the UK with a total generation capacity of more
than 600 MW. As such, Capital Stage today is Germany's largest independent
operator of solar parks. Capital Stage today also is Germany's largest
independent operator of solar parks. The high quality of the existing
portfolio in combination with an excellent O&M management generate
attractive returns and stable revenues for Capital Stage, while offering
only a moderate level of investment risk.
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). The shares of Capital
Stage AG have been listed in the Deutsche Börse Frankfurt a. M. selective
index SDAX since March 2014.
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: till.giessmann@capitalstage.com
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2016-07-12 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.
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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: info@capitalstage.com
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
End of News DGAP News Service