7C Solarparken AG: Year-end capacity target of 220 MWp exceeded through acquisition of 7.6 MWp park in Krakow am See

Bayreuth (pta012/15.10.2020/08:00 UTC+2) 7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) announced it has acquired an operational PV park of 7.6 MWp in Krakow am See in the state of Mecklenburg Western Pomerania. The installation has been commissioned in 2016 and enjoys a fixed feed-in tariff of EUR 89/MWh. The plant operates with 26.616 panels of RECOM (tier-1 supplier) and 182 inverters of Huawei. Aside from the PV plant, 7C Solarparken also acquired the underlying land of 8.5 ha. The project generates annual revenues of over EUR 0.6 Mio. with an EBITDA margin of ca. 85%. Through this new acquisition, which was fully financed with equity, the IPP portfolio of group climbs to 224 MWp and even to 301 MWp including the fund management business. The PV Estate portfolio now amounts to 155 ha.

Assets amounting to 2.3 MWp not yet grid connected
During the last weeks, the project in Bernterode (0.6 MWp) has been grid-connected. As of today, a total capacity of 2.3 MWp (out of the 224 MWp portfolio) is not yet operational, i.e. Langelsheim (0.7 MWp), Gumtow III (0.7 MWp), Calbe Katholische Kirche (0.7 MWp) and Alt Plestlin II (0.2 MWp). These projects will highly likely be grid connected before year-end.

Steven De Proost, CEO of 7C Solarparken AG, comments: "We have now reached and even exceeded our year-end capacity target of 220 MWp. Including our fund business, the portfolio tops already 300 MWp. Further projects are in acquisition, development or preparation phase of construction, including a large rooftop project in Belgium of 6 MWp for which all permits were recently obtained."

7C Solarparken
7C Solarparken is a pure-play PV owner/operator with an IPP portfolio of 224 MWp, including 6 MW onshore wind. Including, its asset management activities, the group`s managed portfolio stands at 301 MWp. Nearly 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, Hamburg, Munich, Stuttgart, Tradegate
Other Stock Exchanges:	London