DGAP-News: 7C Solarparken extends its IPP portfolio to 132 MWp after the acquisition of a 9 MWp portfolio of operating rooftop farms across Saxony Anhalt and Brandenburg

Bayreuth, 12 April 2018 - 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68) has signed a purchase agreement for a 9 MWp rooftop portfolio with nine different installations clustered across the German federal states of Saxony Anhalt and Brandenburg. The transaction is still subject to the usual administrative conditions precedent. The IPP portfolio of 7C Solarparken now increases to 132 MWp.

The nine installations have been built in the period 2012-16 on agricultural roofs and enjoy an average feed-in tariff of ca. EUR 160/MWh. The systems are equipped with panels from LDK Solar and Tianwei, and with inverters from Diehl and Siemens. During the last three years, the portfolio has generated a specific yield of ca. 850 kWh/kWp. Under normal weather conditions, annual EBITDA should therefore continue to exceed the EUR 1.0 Mio. level. The installations have been acquired including non-recourse project financing of EUR 8.3 Mio. provided by a renowned German bank at a fixed interest rate of 2.8%.

The portfolio has been taken over from SunX GmbH which develops and manages PV assets as well as real estate and holiday apartments across Europe.

Steven De Proost, CEO of 7C Solarparken AG, comments: "The capacity build-up during the first four months of the year has already amounted to 14 MWp which demonstrates that we are capable to timely invest the funds recently received through the Schuldschein loan. We will continue to enhance scale this year, both through in-house project development as through acquisition of operating parks."

7C Solarparken
7C Solarparken AG is a listed owner/operator of PV plants in Germany with a portfolio of 132 MWp. The shares of the company are traded on the regulated segment of the German Stock Exchange (General Standard).

Contact:
7C Solarparken AG
Koen Boriau
CFO
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