7C Solarparken AG: Increase in installed capacity to 90.5 MWp after investing in the new-build project Goldberg

Bayreuth (pta033/27.07.2016/16:03 UTC+2) Bayreuth, 27 July 2016 - Today, 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68; stock exchange: regulated market in Frankfurt/Main (General Standard)) has signed the purchase agreement of a 1.75 MWp freefield installation. As usual the transaction is still subject to sector-specific conditions precedent. The EPC contractor The EPC contractor is IBC Solar AG, with whom the 2 MWp Fahrenholz project was realised previously and with whom further new-build projects are planned.

The construction of the 1.75 MWp PV project "Goldberg" (Mecklenburg-Western Pomerania) has started already in June 2016 and will be connected to the grid in September 2016. All modules and inverters have been installed during the last week. The feed-in tariff of 91.2/MWh was obtained by IBC Solar during the first auctioning process held in April 2015. The project is equipped with Neo Solar Power panels of 290Wp and Sungrow string inverters. As part of the transaction, 7C Solarparken AG has also secured the rights for a further extension of the project by 750 kWp which will be realised in 2017.

Steven De Proost, CEO of 7C Solarparken AG comments: "Through this new investment we have raised our installed capacity to 90.5 MWp. Our objective under the Plan 2015-17 is still to reach 94 MWp before year-end 2016 and to grow to 105 MWp in 2017. Actually we have high visibility to achieve our capacity targets in time."

7C Solarparken
7C Solarparken AG is a pure solar power plant operator with a portfolio of approx. 91 MWp; most of the installations are located in Germany. The company is listed on the Frankfurt Stock Exchange's Regulated Market (General Standard).

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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)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart