DGAP-News: 7C Solarparken AG / Key word(s): Investment/Expansion
29.12.2020 - Acquisition of EnerVest Belgium and increase in IPP Portfolio to 256 MWp
Bayreuth - 7C Solarparken (WKN: A11QW6 / ISIN: DE000A11QW68) announces an investment in three solar assets across Germany for a total volume of 17 MWp. Firstly a combined installation of trackers and fixed tilt with 0.7 MWp capacity on a former military site in Morbach, enjoying an average feed-in tariff of EUR 342/MWh. The second and third project have just been commissioned by IBC Solar in the municipalities of Dennheritz (10 MWp) and Burgwindheim (6 MWp) with a respective tariff of EUR 72/MWh and EUR 57/MWh. Modules were sourced from Jinko Solar and URE Solar (formerly Neo Solar Power). All deals were financed for 100% through equity totalling an amount of EUR 15.8 Mio. Annual revenues will likely exceed EUR 1.3 Mio. Through these new investments, 7C Solarparken now holds an IPP portfolio of 256 MWp, versus its initial target of 220 MWp for the end of this year. The group has set its IPP objective for 2021 at 295 MWp.
Steven De Proost, CEO of 7C Solarparken AG, comments: "We look back to a great year 2020 during which we have achieved and even exceeded all internal targets. We close the year with a portfolio of 256 MWp compared to our forecast of 220 MWp. The acquisition of EnerVest Belgium will accelerate our breakthrough in Belgium so that we look with confidence to growing the overall portfolio to 295 MWp during 2021."
7C Solarparken is a pure-play PV owner/operator with an IPP portfolio of 256 MWp, including 6 MW onshore wind. Including, its asset management activities, the group's managed portfolio stands at 331 MWp. The company's shares are listed on the regulated market in Frankfurt in the General Standard segment.
29.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
7C Solarparken AG
An der Feuerwache 15
+49 (921) 23 05 57 77
+49 (921) 23 05 57 79
Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; London
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