DGAP-News: 7C Solarparken AG / Key word(s): Investment/Expansion
7C Solarparken AG: Acquisition of EnerVest Belgium and increase in IPP
Portfolio to 256 MWp
2020-12-29 / 08:15
The issuer is solely responsible for the content of this announcement.
*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.
*Acquisition of EnerVest Belgium*
7C Solarparken plans to build up a 50 MWp portfolio in Belgium by 2023 as
part of its strategic plan. To this end, the group has reached an agreement
with the German wind operator EnerVest AG to acquire its Belgian renewable
energy subsidiary. EnerVest Belgium is ranked as one of the pioneers in the
Belgian PV market and is exclusively focusing on project development and
asset management of PV parks. The company is based in Ghent and will be
fully integrated into 7C Solarparken, acting as its platform to realise the
group's Belgian PV ambitions. EnerVest Belgium has sound credentials in the
sector, but more importantly, it has a solid pipeline which will be realised
in the next 12 months. The first projects on roofs of two well-known
multinational corporates will soon enter construction. The company also aims
to grow strongly by including PV carports, e-bike ports and mobile solar
parks in its PV package
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.
Contact:
7C Solarparken AG
Koen Boriau
Vorstand
An der Feuerwache 15
95445 Bayreuth
Deutschland
FON: +49 (0)921 230557-77
FAX: +49 (0)921 230557 79
EMAIL: info@solarparken.com
www.solarparken.com
2020-12-29 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: 7C Solarparken AG
An der Feuerwache 15
95445 Bayreuth
Germany
Phone: +49 (921) 23 05 57 77
Fax: +49 (921) 23 05 57 79
E-mail: info@solarparken.com
Internet: www.solarparken.com
ISIN: DE000A11QW68
WKN: A11QW6
Listed: Regulated Market in Frankfurt (General Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange; London
EQS News ID: 1157667
End of News DGAP News Service
1157667 2020-12-29
(END) Dow Jones Newswires
December 29, 2020 02:15 ET (07:15 GMT)