7C Solarparken : extends its IPP portfolio to 132 MWp after the acquisition of a 9 MWp portfolio of operating rooftop farms across Saxony Anhalt and Brandenburg

DGAP-News: 7C Solarparken AG / Key word(s): Miscellaneous/Expansion 7C Solarparken extends its IPP portfolio to 132 MWp after the acquisition of a 9 MWp portfolio of operating rooftop farms across Saxony Anhalt and Brandenburg 12.04.2018 / 08:53 The issuer is solely responsible for the content of this announcement. Bayreuth, 12 April 2018 - 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68) has signed a purchase agreement for a 9 MWp rooftop portfolio with nine different installations clustered across the German federal states of Saxony Anhalt and Brandenburg. The transaction is still subject to the usual administrative conditions precedent. The IPP portfolio of 7C Solarparken now increases to 132 MWp. The nine installations have been built in the period 2012-16 on agricultural roofs and enjoy an average feed-in tariff of ca. EUR 160/MWh. The systems are equipped with panels from LDK Solar and Tianwei, and with inverters from Diehl and Siemens. During the last three years, the portfolio has generated a specific yield of ca. 850 kWh/kWp. Under normal weather conditions, annual EBITDA should therefore continue to exceed the EUR 1.0 Mio. level. The installations have been acquired including non-recourse project financing of EUR 8.3 Mio. provided by a renowned German bank at a fixed interest rate of 2.8%. The portfolio has been taken over from SunX GmbH which develops and manages PV assets as well as real estate and holiday apartments across Europe. Steven De Proost, CEO of 7C Solarparken AG, comments: "The capacity build-up during the first four months of the year has already amounted to 14 MWp which demonstrates that we are capable to timely invest the funds recently received through the Schuldschein loan. We will continue to enhance scale this year, both through in-house project development as through acquisition of operating parks." 7C Solarparken 7C Solarparken AG is a listed owner/operator of PV plants in Germany with a portfolio of 132 MWp. The shares of the company are traded on the regulated segment of the German Stock Exchange (General Standard). Contact: 7C Solarparken AG Koen Boriau CFO An der Feuerwache 15 95445 Bayreuth Deutschland FON: [phone] FAX: [phone] EMAIL: [e-mail] www.solarparken.com 12.04.2018 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

Language:	English
Company:	7C Solarparken AG
	An der Feuerwache 15
	95445 Bayreuth
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.solarparken.com
ISIN:	DE000A11QW68
WKN:	A11QW6
Listed:	Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

End of News	DGAP News Service

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