7C Solarparken AG: Three large-scale rooftop projects in Belgium near completion

Bayreuth (pta036/01.03.2022/15:15 UTC+1)

7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) announces today that three large-scale PV projects in Belgium are at an advanced stage of construction.

• In Deinze, a 1.1 MWp PV installation has been erected at the brand-new site of "Wegmarkeringen De Groote". The installation needs only to be grid connected which is scheduled for the end of Q2’22. Equipment from Renesola and Huawei has been used. Management targets a specific yield of almost 900 kWh/kWp. Approximately 20% of the electricity will be sold to the roof owner through an on-site PPA, whilst the excess electricity will be fed into the grid.
• In Meer, a project of 2.6 MWp is currently in advanced stage of construction on a new logistics hall which is owned by "Neele Vat Logistics / Oostvogels". Grid connection is expected at the end of Q2’22. The installation is equipped with Amerisolar panels and Huawei inverters and expected to yield 850 kWh/kWp. Management estimates that over one third of the electricity produced on the site will be sold through an on-site PPA.
• Construction of a 2.3 MWp PV installation in Oudenaarde, using Longi Solar and Huawei components, at the premises of Samsonite has commenced. Management eyes a production yield of at least 850 kWh/kWp. Roughly two thirds of the power produced by the installation is expected to be sold on-site.

Aside from these three large-scale rooftop installations, 7C Solarparken also has added 0.2 MWp in Ninove (Almepro site) and 0.1 MWp in Malderen (Houthandel Van Hemelrijck). As a result of adding these new Belgian projects to the group’s consolidated IPP portfolio, its capacity will rise to 344 MWp (versus 338 MWp now). Provided there are no further delays in scheduled grid connection and transformer delivery and construction, the projects will contribute to revenues as from Q3’22. On a full-year basis, these three projects will contribute EUR 0.3 Mio to group EBITDA.

Steven De Proost, CEO of 7C Solarparken AG comments: "High energy prices cause industrial customers to scout for alternatives which can reduce their electricity bill. We offer solutions through developing a project at the site of the client and sell the power through a direct PPA to the same client who subsequently avoids transmission and distribution grid costs. The scale, cost of capital advantages and operational excellence of 7C Solarparken ensure the customer benefits from a lower-cost and more sustainable installation compared to a direct investment. Numerous mid-scale projects are currently being developed and will start construction soon."

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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