Hamburg-based solar and wind park operator Capital Stage today has signed a contract over the acquisition of six Italian solar parks with a total capacity of 26.7 MWp. The total investment volume of the acquisition amounts to about 30 million Euros, the herein contained project financing of UniCredit and Bayern LB will be taken over. With the acquisition of the Italian solar park portfiolio Capital Stage rapidly further implements the investment process from the cooperation with Gothaer insurances as planned.
The six Italian solarparks are located in the region of Friuli, about 100 kilometres south-east of Venice. The solar parks were taken into operation between February and September 2013. The average feed-in tariff amounts to about 12,4 cent per kWh. The seller of the Italian solar park portfolio is the international project developer GP JOULE based in Schleswig-Holstein. The sale again underlines the good business relations between GP JOULE and Capital Stage. Both companies share the technical and commercial management of the Italian solar park portfolio. While GP JOULE takes care of the technical management Capital Stage is responsible for the commercial operations of the parks.
The acquisition of the Italian solar parks is an integral part of the investment process from the cooperation with Gothaer insurances. Within the scope of this partnership financing resources of 150 million Euros were made available to Capital Stage.
By acquiring the six Italian solar park portfolios Capital Stage has further expanded its position on the Italian solar market from 31.0 MWp to about 58.0 MWp. Altogether, the power production portfolio of Capital Stage increases throught this acquisition from 364.0 MWp to about 390.0 MWp. As such, Capital Stage has increased its total power production capacity by 60 per cent over the year 2014.
