7C Solarparken AG: 7C Solarparken acquires 20 MWp, the largest PV project in its history

Bayreuth (pta022/08.10.2021/11:40 UTC+2) 7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) announces today that the group has reached its already increased year-end capacity target of 335 MWp through the investment in a 20 MWp new-build project in Draisdorf-Eggenbach (Lichtenfels).

The project has been planned and erected by IBC Solar with components from URE and Sungrow. The project's average fixed feed-in tariff amounts to EUR 51/MWh, but since the feed-in tariff consists of market price plus a market premium, the company is supposed to benefit from higher market price, especially in the short term. Currently, forward prices for 2022 exceed EUR 100/MWh and management is seeing solid demand from energy off-takers looking to lock in the future electricity price amid current price volatility. Given its superior location in Bavaria, the project should generate over 1,050 kWh/kWp.

Steven De Proost, CEO of 7C Solarparken AG comments: "Our highly-rewarded partnership with IBC Solar forms the cornerstone of our recent growth initiative up to 335 MWp. The realisation of our goal of 400 MWp IPP capacity (and 500 MWp including Asset Management) by the end of 2022 would complete our transformation into a european tier-1 player. We will organise an Investor Day during November 2021 to elaborate on the management's expectations with regard to the energy markets and electricity prices in greater detail as well as presenting the new mid-term targets for our company."

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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