7C Solarparken AG: IPP Portfolio rises by a further 12 MWp of German PV parks

Bayreuth (pta022/03.09.2021/15:38 UTC+2) 7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) announces today, the group is making good progress in its capacity expansion. The current consolidated IPP portfolio has reached 315 MWp versus 256 MWp at the beginning of this year. Therefore, it has now exceeded its 295 MWp year-end target.

Combined with the execution of the recent capital increase, 7C Solarparken has committed itself to reach its 400 MWp IPP target one year earlier-than-anticipated, namely at the end of 2022 rather than 2023. As part of this growth acceleration, the company recently secured purchase rights on numerous projects with different several project developers, of which today's announcement is only the first step. Furthermore the group continues to pursue its own project development.

Today, a first package of 12 MWp has been signed consisting of three German projects across on various sites in Saxony Anhalt, which were commissioned between 2015-20 with a median tariff of EUR 64/MWh. In addition to the installations, 7C Solarparken also acquired 15.7 ha land on which two purchased projects are located. The parks will generate EUR 0.8 Mio in annual revenues and have been financed by project loans of ca EUR 8.5 Mio.

Steven De Proost, CEO of 7C Solarparken AG, comments: "Although weather conditions in July and August continue to be below normal levels, our capacity growth is accelerating and will enable strong support to the underlying value of the company"

(end)

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