DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Miscellaneous
MPC Capital realizes the sale of a portfolio of solar parks in Spain

27.07.2020 / 11:00
The issuer is solely responsible for the content of this announcement.


Press Release

MPC Capital realizes the sale of a portfolio of solar parks in Spain

Hamburg, 27 July 2020 -- MPC Capital AG has signed the sale of a portfolio of ground-mounted solar parks in Spain to an institutional investor. The four solar parks that are located in Mallorca and Andalusia have a total peak capacity of 9.62 MWp and an average energy production of approximately 14,000 MWh per annum. All four plants with a total constructed area of more than 200,000 sqm have been operational since 2007/2008.

Martin Vogt, Managing Director Renewable Energies of MPC Capital AG: "We are very pleased with the results of the sale of this portfolio of operational solar parks in Spain. The investors in the MPC managed fund will benefit from this attractive exit, especially given the historic context of regulatory changes in Spain. The team managed this transaction very successfully in a challenging environment of the ongoing COVID-19 pandemic in Spain and Germany. The appetite from institutional investors for renewable energy infrastructure remains strong. The transaction clearly documents the execution capabilities of MPC Capital in the renewables spaces."

The owner of the solar parks is a solar fund, which was launched by MPC Capital in 2008. The total return including historic distributions for the investors is approximately 190 percent with an equity IRR of 7% per annum.

The transaction is subject to customary closing conditions.

About MPC Capital AG (www.mpc-capital.com)
MPC Capital AG is an internationally active asset and investment manager specialising in real asset investments. Together with its subsidiaries, the company develops and manages investment products for international institutional investors, family offices and professional investors. Its focus is on the asset categories Real Estate, Shipping and Infrastructure. MPC Capital AG has been quoted on the stock exchange since 2000 and has around 300 employees group-wide.

Contact
MPC Capital AG
Stefan Zenker, Gabi Gottschalk
Investor Relations & Public Relations
Tel. +49 40 38022-4200
e-mail: presse@mpc-capital.com



27.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: MPC Münchmeyer Petersen Capital AG
Palmaille 75
22767 Hamburg
Germany
Phone: +49 (0)40 380 22-0
Fax: +49 (0)40 380 22-4878
E-mail: kontakt@mpc-capital.com
Internet: www.mpc-capital.de
ISIN: DE000A1TNWJ4
WKN: A1TNWJ
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1102197

 
End of News DGAP News Service

1102197  27.07.2020 

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