7C Solarparken AG: 7C Solarparken AG acquires a 3.5 MWp PV installation in Schönebeck

94 MWp capacity target for 2016 already achieved

Bayreuth (pta011/23.08.2016/08:20 UTC+2) 7C Solarparken AG acquires a 3.5 MWp PV installation in Schönebeck and already achieves its 94 MWp capacity target for 2016

Bayreuth, 23 August 2016 - 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68; stock exchange: regulated market in Frankfurt/Main (General Standard)) has purchased an operational PV park of 3.5 MWp in Schönebeck (Saxony-Anhalt). As usual, the transaction is still subject to sector-specific conditions precedent. Through this investment, the company's consolidated portfolio is rising to 94 MWp which the company had set as objective for year-end 2016.
The PV power plant in Schönebeck, equipped with tier-1 components - such as Solarworld panels, SMA inverters and Schletter mounting structures - has been put into service during the year 2012 and enjoys a feed-in tariff of EUR 187.6/MWh. Last year, the installation recorded an EBITDA of over EUR 0.6 Mio and assumed external project loans of EUR 3.6 Mio with a long-term interest rate of 2.7%.
Steven De Proost, CEO of 7C Solarparken AG comments: "The project in Schönebeck has been on our radar since commissioning in 2012 and fits very well into our IPP portfolio. Our recently high activity level has resulted into an early realization of our 2016 capacity target which brings us into a strong position to reach our 105 MWp objective by 2017 at year-end 2016."

7C Solarparken
7C Solarparken AG is a pure solar power plant operator with a portfolio of approx. 94 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