7C Solarparken AG: Strong power production data for 2015, EBITDA of more than EUR 20 million expected

Bayreuth (pta030/29.02.2016/17:11 UTC+1) Bayreuth, 29 February 2016 - 7C Solarparken`s (WKN: A11QW6, ISIN: DE 000A11QW68 / WKN: A14KRM ISIN: DE000A14KRM4; stock exchange: regulated market in Frankfurt/Main (General Standard) PV plants produced a total of 74.7 GWh versus 46.3 GWh in 2014. The main driver behind the significant increase of 61.4% has been the expansion of installed capacity reflecting i) full-year consolidation of all Colexon plants and Pflugdorf, ii) first-time consolidation of Glauchau 1, Glauchau 3 and Stolberg and to a minor effect iii) the inclusion of the Miskina parks as from November 2015. The weighted anual capacity during 2015 rose from 47 MWp in 2014 to 72 MWp as a result. At year-end 2015, capacity reached 86 MWp.

On a relative basis 7C's portfolio did improve its specific yield from 995 kWh/kWp in 2014 to 1044 kWh/kWp in 2015. Out of the 4.9% improvement, a structural improvement of 1% in Performance Ratio was realized from the optimization of the parks in Thierhaupten and Zernsdorf, while the other 3.9% was obtained from above-average weather conditions in the company's locations. According to the German Meteorological Service (DWD), the global horizontal irradiance in Germany was ca. 5% above long-term averages; irradiation across Bavaria were, depending on location, 1% to 4% better than normal while Saxony-Anhalt and Brandenburg were even 9-10% better.

A combination of solid production data, continued cost rationalization and different one-time effects in Q4'15 according to still preliminary figures has boosted full-year EBITDA 2015 significantly above the guidance of EUR 18-19 million and even exceeded the EUR 20 million mark. One-time effects, amongst others, include:

* The gain on the sale of the 1 MWp PV plant in Sainte-Maxime to the Swiss operator Edisun Power Europe.
* Badwill arising from last quarter's investments in the Leipzig area and Lower Bavaria.
* Out-of-court settlement on the PV plant Waldeck.

"We are very satisfied with the underlying quality of our production data", comments Steven De Proost, CEO of 7C Solarparken AG. "The most exciting event has however been the negotiated settlement on Waldeck with a favourable effect on our balance sheet. This long-lasting litigation was provisioned as the largest single risk arising from the history of Colexon Energy AG."
7C Solarparken AG will publish its final financial figures for 2015 at the end of April 2016.

Asset Sale for 2016 already concluded

Aside from planned growth initiatives to reach 105 MWp before year-end 2017, the company's Strategic Plan also foresees an annual EBITDA gain of at least EUR 0.2 million through the structuring and sale of an existing plant. Within this plan, demand for assets with secured yield has triggered the opportunistic disposal of the company's 3.1 MWp PV park in Blumenthal already in Q1'16. No further asset sales are foreseen in 2016 as a result.

7C Solarparken
7C Solarparken AG is a pure solar power plant operator with a portfolio of approx. 85 MWp; most of the installations are located in Germany. The company is listed on the Frankfurt Stock Exchange's Regulated Market (General Standard).

For further information:
7C Solarparken AG
An der Feuerwache 15
95445 Bayreuth,
Germany
www.solarparken.com
Steven De Proost, CEO
info@solarparken.com
Tel. +49 (0) (921) 230557 77

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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, Munich, Stuttgart