7C Solarparken AG: New-build acquisition package signed with MaxSolar GmbH

Bayreuth (pta025/09.09.2019/13:55 UTC+2) 09.09.2019 - 7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) has acquired two two new-build projects from MaxSolar GmbH and comes closer to its 200 MWp objective. The closing of the transactions is still subject to standard conditions precedent.

Firstly, the company purchased the largest rooftop solar power system in Hesse which has been installed in Dieburg at 90,000 square metre logistics facility owned by Union Investment and operated by Fiege. The photovoltaic unit of 6.4 MWp went operational in April 2019 and has been equipped with the new Schletter FixGrid 18 system, panels from Hanwha Q-Cells and string inverters from Kaco. This capacity makes the Dieburg solar power plant one of Germany's five largest rooftop systems. The project has obtained an average tariff of EUR 61/MWh through the tender (FFAV) scheme, but it can not be excluded that the green power will be sold at higher prices to local off-takers in the industrial zone.

Secondly, 7C Solarparken and MaxSolar GmbH entered into an agreement to acquire a 750 kWp installation in Gümtow (Brandenburg). The project has been commissioned in June 2019 at an EEG tariff of ca. EUR 75/MWh with components from Astronergy and ABB. In addition, construction of another 4.5 MWp at the same site is planned to begin in Q4'19. The extension has obtained its tariff through the tender scheme and will enjoy ca. EUR 60/MWh. Grid connection though is foreseen only in the first semester of 2020.

Through these both transactions, the company's IPP portfolio climbs further to 187 MWp and even to 192 MWp when including already the 4.5 MWp EPC contract for the extension of Gümtow in Q4'19.

Steven De Proost, CEO of 7C Solarparken AG, comments: "Growth remains the central theme for 2019. With a stated objective of 220 MWp by year-end 2020 versus 154 MWp at the start of 2019, we are clearly exceeding our plan. Aside from the sale of two plants, we also welcome MaxSolar GmbH as a new EPC partner to construct projects out of our in-house development pipeline."

7C Solarparken AG
7C Solarparken is a pure-play PV owner/operator with an IPP portfolio of 187 MWp, including 6 MW onshore wind. Including, its asset management activities, the group`s managed portfolio stands at 264 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