Hamburg, 2 November 2017 - Capital Stage, the SDAX-listed, Hamburg-based solar and wind park investor and operator, today announced that it has entered a strategic partnership with Solarcentury, one of the leading international solar farm developers and operators. The partnership gives Capital Stage access to a number of attractive solar parks in Europe and Mexico over the next three years, with a total generating capacity of some 1.1 gigawatts (GW). Capital Stage therefore has the potential to significantly increase its generating capacity from about 1.4 GW to up to 2.5 GW.
All transactions are subject to a due diligence process by Capital Stage. In line with its conservative investment strategy, Capital Stage will continue to take on only ready-to-build (RTB) PV parks that match country-specific IRR benchmarks.In the first phase of the strategic partnership, Capital Stage will get exclusive access to solar parks in Europe with a generating capacity of more than 360 megawatts (MW). The total investment for these solar parks, including project-related debt financing, will amount to approximately EUR 330 million.Financing of these solar parks in Europe will be made from existing funding facilities, such as funds raised in September 2017 with the placement of a hybrid-convertible bond by Capital Stage AG, amounting to almost EUR 100 million.
The partnership also gives Capital Stage access to further planned solar parks by Solarcentury in Europe and Mexico, with a total generation capacity of 700 MW. Currently, projects amounting to a total generation capacity of approximately 484 MW are planned in Mexico. This option is contingent upon winning auctions for new solar parks in Mexico in November 2017 and thereafter.
About Capital Stage AG: Capital Stage invests in and operates solar and wind parks in Europe and is one of the leading independent power producers (IPPs) in the fields of renewable energies. Including the solar and wind parks acquired and operated as part of the asset management business for third parties, the current portfolio consists of 162 solar and 53 wind parks with a total installed base of some 1.4 GW. With its solar and wind parks, the company generates attractive yields as well as continuous and predictable income. The Capital Stage AG share is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange and on the regulated market of the Hamburg Stock Exchange (ISIN: DE0006095003 / WKN: 609500). Since 2014, the Capital Stage AG share has been included in the SDAX index of Deutsche Börse. You can find further information on the company at www.capitalstage.com.