7C Solarparken AG: 7C Solarparken adds 1.4 MWp in Belgium, and wins volume of 4 MW in the first call

Bayreuth (pta042/30.07.2021/13:58 UTC+2) 7C Solarparken has completed two new-build projects, prior to the expiration of the green certificates scheme, in Flanders (Belgium). Both projects were part of the pipeline of the former EnerVest Belgium, which was acquired at year-end 2020 and has subsequently been rebranded "7C Solarparken Belgium". The group commissioned a 1.2 MWp in the province Limburg at the premises of a company which will use the produced power on-site during its industrial processing. The group will benefit from green certificates of EUR 24/MWh in addition to selling its electricity. The project is equipped with Longi panels and Huawei inverters, with ExtraPower BV as its EPC contractor. A second project of EUR 0.2 MWp, which was built using the same equipment, is situated on the roof of a large bakery in Antwerp. Given the smaller size of the project (< 250 kW) the green certificates amount to EUR 43/MWh.

First auction round in Flanders (Belgium)

The Flemish Region recently changed legislation for new renewable energy projects under 2 MW. As a consequence, these projects will no longer be entitled to fixed green certificates but are required to participate in an auction scheme with a pay-as-bid pricing formula comparable to the German FFAV process. In contrast to the German system however, successful projects will be awarded a one-off investment grant rather than a fixed price per MWh produced. In the first round, the Flemish Energy Agency has selected 59 rooftop PV projects, totalling 33 MWp which will receive grants totalling EUR 4 Mio. The median winning project has obtained an investment grant equivalent of EUR 7/MWh based on 20 years production. 7C Solarparken expects to realise 4 winning projects (out of 59) totalling 4 MWp (out of 33 MWp) in the next 12 months. The investment grant awarded on these projects is equivalent to a subsidy of EUR 7/MWh. The next auction is scheduled for September 2021.

Steven De Proost, CEO of 7C Solarparken, comments: "Our IPP portfolio continues to rise and currently stands at 302 MWp. Our development in Belgium is working on an increasing level of projects since the market dynamics evolve favourable. The commodity curve shows rising electricity prices in Belgium so that over-subsidies have no place anymore in the market. Industrial customers will therefore, more than ever, have to re-think their renewables strategy away from direct investment into third-party model investing. Our team is ready to capture upcoming opportunities."

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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