7C Solarparken AG (DB:HRPK) agreed to acquire 77 MWp PV Portfolio from Ernst Russ AG (XTRA:HXCK) on February 19, 2019. In a related transaction, 7C Solarparken also acquired 1.1 MWp freefield PV park in Blankenberg, 1.5 MWp freefield PV park in Glasewitz and 0.6 MWp freefield PV park in Stephansposching. The acquisition is subject to common transactional conditions precedent.

The combined deal value is €14 million of which ca. 65% is financed through takeover of the existing project debt facilities.