The solar park Pfeffenhausen (Bavaria, Germany) was put into operation in two separate steps at the end of 2008 and at the beginning of 2009. Therefore, the electricity produced and fed into the grid is being remunerated according to the EEG tariff with more than 34 cent per kWh, which had then been applicable. The geographical position between Munich and Regensburg provides optimal prerequisits for the operation of photovoltaic facilities because of the very good solar irradiation conditions.
The acquisition of the solar park Pfeffenhausen shows that, especially in the German market, numerous attractive investment opportunities in the field of existing plants do exist, commented Felix Goedhart, CEO of Capital Stage AG.
Simultaniously to the acquisition of the solar park, Capital Stage Solar Services GmbH takes over the technical and commercial management of the facility. By this, the service subsidiary of Capital Stage AG enlarges its managed volume to more than 185 MWp, thereof around 25 MWp for third parties.
Furthermore, the company announces the rescission of the purchase contract signed in the financial year 2013 for the solar park Wolgast (Mecklenburg-Vorpommern, Germany) with a capacity of 8 MWp as the conditions precedent agreed on in the contract at the time did not materialise.
Thus, the capacity of the power production portfolio of Capital Stage amounts to more than 313 MWp in total.
