7C Solarparken AG: 7C reports substantial deal flow strengthening its long-term business

Bayreuth (pta008/19.02.2019/08:00 UTC+1) Bayreuth, 19.02.2019 - 7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) has announced a series of new investments with the goal to scale its business into a Tier-two player.

The group reports i) the acquisition of three operating PV assets across Bavaria and Mecklenburg-Vorpommern, ii) opportunistic entry in the wind market through the investment in a German wind farm and iii) the acquisition of asset management contracts of a PV portfolio with a size of 77 MWp. The acquisitions -which are still subject to common transactional conditions precedent- represent an investment volume of EUR 14 Mio. of which ca. 65% is financed through takeover of the existing project debt facilities, and are expected to contribute EUR 1,4 Mio. to annual EBITDA under normal weather conditions.

Investment in three operating PV parks across Bavaria and Mecklenburg-Vorpommern
* Acquisition of a 1.1 MWp freefield PV park in Blankenberg (Mecklenburg-Vorpommern) that is equipped with NexPower panels and Kaco inverters. The park enjoys a feed-in tariff of EUR 319/MWh (Commissioning in 2009) and runs around 850 kWh/kWp.
* Acquisition of a 1.5 MWp freefield PV park in Glasewitz (Mecklenburg-Vorpommern) that is equipped with NexPower panels and Kaco inverters. The park enjoys a feed-in tariff of EUR 284/MWh (Commissioning in 2010) and runs around 850 kWh/kWp.
* Acquisition of 0.6 MWp freefield PV park in Stephansposching (Bavaria) that is equipped with Trina Solar panels and Kaco inverters: The park enjoys a feed-in tariff of EUR 355/MWh (Commissioning in 2008) and runs around 1,000 kWh/kWp.

Opportunistic entry in a German wind farm
7C Solarparken announced its first-ever investment in a German wind farm, driven by opportunistic grounds as by the strategic consideration that the risk profile of the group´s output would further fall until an optimal level of 90% PV and 10% onshore wind is reached. The wind farm of 2.78 MW entered operations during 2016 and consists of one turbine General Electric and is located in Medard, Rheinland Pfalz. The wind turbine enjoys a feed-in tariff of EUR 86/MWh and is expected to generate EUR 0.6 Mio annual revenues.

Acquisition of asset management business for a PV Portfolio of 77 MWp
7C Solarparken and Ernst Russ have agreed on a transaction in which Ernst Russ sells its PV asset management business on 77 MWp operating assets. The deal will bring recurring management fees to 7C Solarparken and fits into the group´s vision to reach 500 MWp by 2025 including assets under management. The underlying assets match very well with the acquisition profile of 7C Solarparken in terms of geography, components, and performance.

Steven De Proost, CEO of 7C Solarparken AG, comments: "The start of the year 2019 has been very eventful. During January, we expanded our portfolio from 154 MWp to 160 MWp, and now we reach 166 MWp. The acquisition of our first wind turbine ever, and the PV asset management platform of Ernst Russ create the scalability that 7C Solarparken needs as to grow into a credible Tier-2 player. Although management´s focus will now temporarily shift from growth into smooth integration of all acquisitions, further growth of the IPP portfolio remains high on the agenda for 2019."

7C Solarparken AG
7C Solarparken is a pure-play PV owner/operator with an IPP portfolio of 166 MWp, including 2.8 MW onshore wind. Including, its asset management activities, the group`s managed portfolio stands at 243 MWp. Almost all installations are located in Germany. The company's shares are listed on the regulated market in Frankfurt in the General Standard segment.

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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