7C Solarparken AG: 7C Solarparken commissions its 1.8 MWp self-developed freefield PV project in Bernsdorf

Bayreuth (pta013/02.11.2021/08:43 UTC+1) 7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) announces today that the group has commissioned a 1.8 MWp PV installation in Bernsdorf, nearby Zwickau (Saxony). This project has been built on 2.6ha industrial land that already belonged to the PV Estate portfolio since 2019. The full development including permitting process was executed in-house. The feed-in tariff for the project has been secured almost 24 months ago as part of the FFAV (freefield tendering) scheme and is close to the current FFAV pricing (ca EUR 50/MWh).

The installation is equipped with Renesola 330W panels and Sungrow inverters, and is supposed to generate at least 975 kWh/kWp.

Steven De Proost, CEO of 7C Solarparken AG comments: "New installations possess substantial option value since feed-in tariffs for projects that adopt direct marketing are entitled to receive market price as a floor irrespective of their awarded tariff. This option value is at present a real income contributor with base-load forward prices for 2022 at above EUR 100/MWh. Our IPP portfolio now contains 337 MWp, and is expected to grow to around 400 MWp by the end of 2022."

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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