7C Solarparken AG: Acquisition of Operating PV Farm of 1.3 MWP in Hessen

Bayreuth (pta040/29.06.2023/16:07 UTC+2)

7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) has acquired a well-performing free-field PV farm of 1.3 MWP in Homberg, Hessen. The installation, equipped with panels from Canadian Solar, stems from the year 2011 and enjoys a fixed feed-in tariff of EUR 211/MWH. Under normal weather conditions, the plant will generate EBITDA of 225T EUR per year. The plant carries a low indebtedness level (EUR 0.7 Mio.) at a fixed rate of 3.2%. Aside from the PV plant, 7C Solarparken also invested in the industrial land (3.2 ha). Through this investment, the company's IPP Portfolio rises to 446 MWP, versus year-end target of 460 MWP, and the PV Estate portfolio is expanded to 187 ha.

Steven De Proost, CEO of 7C Solarparken, comments: "Although small, this plant will immediately contribute to EBITDA. Although similar transactions are currently on the table, management's focus remains to advance development of in-house projects in Germany and Belgium. We feel highly confident to achieve our 460 MWP year-end objective."

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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