Press Release

Capital Stage AG acquires 9 MWp solar park in Mecklenburg-Vorpommern

Capital Stage AG, Hamburg has acquired a 9 MWp solar park in Mecklenburg-Vorpommern and thus expands its IPP portfolio to almost 185 MWp. The parties have agreed not to disclose the purchase price.
Capital Stage

The park has recently be installed and commissioned under the EEG. The park has been built on a 25 ha open space in Mecklenburg-Vorpommern by an experienced general contractor. Inverters and polycrystalline modules of first-class manufacturers were used. The non-recourse financing was provided by a renowned German bank.
The park will generate annual revenues over EUR 1 million and generate a return on equity of around 15% on average. The operation & management of the park is taken over by Capital Stage Solar Service GmbH. The closing of the transaction is subject to conditions precedent.
Felix Goedhart, CEO of Capital Stage AG: “The park is a very good addition to our German PV portfolio. The park also proves that new solar parks in Germany, with a significantly lower FIT of 11.3 Cent / kWh, are still attractive to investors. “
http://www.capitalstage.com