7C Solarparken AG: 7C Solarparken adds another 8 MWp to its IPP portfolio

Bayreuth (pta005/15.06.2018/08:30 UTC+2) Bayreuth, 15 June 2018 - 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68) has signed the acquisition of two operating PV parks in Germany. Both acquisitions are still subject to usual market-specific conditions precedent. As a result, the group's IPP portfolio climbs already to 145 MWp.

Acquisition of 6.2 MWp in Tangerhütte, Saxony Anhalt
The freefield PV park in Tangerhütte consists of two parts. A capacity of 5.5 MWp has been installed in 2017 with components from Canadian Solar and Huawei, and enjoys a tariff of EUR 87/MWh, while the recent extension of 750 kWp - at comparable feed-in tariff - has been equipped with panels from Q-Cells. Solar WO Engineering GmbH acted as EPC contractor for this extension. The asset will bring revenues of approx. EUR 0.5 Mio per year and has been financed for ca. 75% with project loans.

Acquisition of 1.8 MWp in Brandholz, Hesse
The 1.8 MWp operating capacity is divided between a rooftop (0.6 MWp) and a freefield park (1.2 MWp) on the former landfill site. Their respective tariffs amount to EUR 111/MWh (feed-in year 2017) and EUR 89/MWh (feed-in year 2016). Both installations are equipped with REC panels and Sungrow inverters. The freefield park, which has been constructed by Pfalz Solar GmbH, has been nominated as "Global leading RES project 2016/17" for its innovative design. Management expects annual revenues of almost EUR 0.2 Mio.

Steven De Proost, CEO of 7C Solarparken AG: "Since the start of the year, we have already added 27 MWp of new capacity to our portfolio and already near our year-end target of 150 MWp. These two new acquisitions do not only increase our size but also bring on board two new EPC partners which can support our further growth plan."

7C Solarparken
7C Solarparken AG is a pure-play PV owner/operator with an IPP portfolio of 145 MWp. Most installations are located in Germany. The company's shares are listed on the regulated market in Frankfurt in the General Standard segment.

Contact:
7C Solarparken AG
Koen Boriau
CFO
An der Feuerwache 15
95445 Bayreuth
Deutschland
FON: +49 (0)921 230557-77
FAX: +49 (0)921 230557 79
EMAIL: info@solarparken.com
www.solarparken.com

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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) DE000A2DAP26 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Munich, Stuttgart