German solar developer Capital Stage says it could double the size of its renewable energy portfolio thanks to a financing agreement with the Gothaer Group.
The Hamburg-based solar and wind developer announced on its website on Friday that it has secured a long-term strategic partnership which will see Gothaer make available 150 million for the acquisition of solar parks.
According to Capital Group which has a 313 MW portfolio in Germany, France and Italy and which claims to be Germany's biggest solar developer full investment of the funds could equate to 10 million of extra income before taxes and could double the size of Capital's generating capacity.
It is notable that under the terms of the 20-year agreement, which will see the monies passed to Capital Group subsidiary CSG IPP, the funds will be used for solar projects, with no mention made of wind investments.
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