7C Solarparken AG: 7C Solarparken AG acquires 1.4 MWp rooftop installation near Wismar

Bayreuth (pta027/25.05.2016/14:30 UTC+2) Bayreuth, 25 May 2016 - 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68 / WKN: A14KRM ISIN: DE000A14KRM4; stock exchange: regulated market in Frankfurt/Main (General Standard)) purchased an operational 1.4 MWp rooftop PV farm in Groß-Stieten, around 10km south of Wismar (Mecklenburg-Western Pomerania). Through this investment, the company's consolidated portfolio is rising to around 88 MWp.

The PV power plant, equipped with First Solar panels and SMA string inverters, has been put into service in December 2008 and therefore enjoys an attractive feed-in tariff of EUR 459.5/MWh. The installation was not free of technical defaults in the first years of operations, but after repair works in April 2013 the performance has significantly improved. However, the performance still falls approx. 5% short of the expert study of 921 kWh/kWp conducted immediately after the repair works.

Without any further improvement initiatives, the installation will - under normal weather conditions - generate annual EBITDA of nearly EUR 475 T and has been financed with long-term debt of up to 10 years. At the end of 2015, the project loans totaled EUR 3.3 Mio.

7C Solarparken
7C Solarparken AG is a pure solar power plant operator with a portfolio of approx. 88 MWp; most of the installations are located in Germany. The company is listed on the Frankfurt Stock Exchange's Regulated Market (General Standard).
For further information:

7C Solarparken AG
An der Feuerwache 15
95445 Bayreuth,
Germany
www.solarparken.com
Steven De Proost, CEO
info@solarparken.com
Tel. +49 (0) (921) 230557 77

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Emitter:	7C Solarparken AG An der Feuerwache 15 95445 Bayreuth Germany
Contact Person:	Koen Boriau
Phone:	+49 921 230557-77
E-Mail:	info@solarparken.com
Website:	www.solarparken.com
ISIN(s):	DE000A11QW68 (Share) DE000A14KRM4 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart