7C Solarparken AG: 7C Solarparken increases IPP Portfolio by 20 MWP

Bayreuth (pta019/16.06.2023/13:11 UTC+2)

Bayreuth, 16.06.2023. 7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) has signed a purchase agreement for a 20 MWP PV installation near Bitterfeld in the Federal State of Saxony Anhalt. The transaction is still subject to usual conditions precedent, however, construction of the plant is almost finished with grid connection scheduled for the end of this year. The project benefits from a guaranteed off-take price of approx. EUR 85/MWh (as a floor value), and is projected to contribute EBITDA of at least 1.6 Mio. in 2024. Through this new investment, the Group's IPP portfolio increases to 445 MWP, which also reflects some new construction projects across Belgium.

In Belgium, during 2023, the Group has increased its number of completed sites from 9 to 11 (as was outlined at the recent AGM). Two new rooftop projects with on-site PPAs have been finished, notably in Sint-Gillis-Waas (0.2 MWP) and in Zwijnaarde (0.3 MWP). Panels for the new sites were supplied by Longi Solar and Trina Solar. The specific website for Belgium (www.7csolarparken.eu) contains the full list of projects and references in portfolio.

Steven De Proost, CEO of 7C Solarparken AG, comments: "Over two thirds of our growth objective for 2023 has been achieved. In Belgium, the first half of the year was mainly characterised by small scale projects. We will soon start construction on larger sites of over 1MWp. In Germany, development and investment in larger installations will also be the focus for the second half of the year."

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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)
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Other Stock Exchanges:	London