Solar and wind park operator Capital Stage has considerably expanded its power production portfolio as announced during the recent capital increase. The company and Hamburg based investment company Aquila Capital agreed on the acquisition of a solar park portfolio with a capacity of around 40 MW. With a volume of more than 140 million euros, including the take over of the existing debt financing, this acquisition represents the largest single investment in the history of Capital Stage AG.
The portfolio consists of four parks located in the region Aquitaine in southwestern France. The plants are in operation since March 2012. The yearly power production capacity corresponds to the consumption of more than 13,000 average households. The portfolio receives the feed-in-tariff of 2012, thus contributing to the groups revenues with around 15 million euros per year in the future while at the same time matching the return level the company strives for. By the transaction, Capital Stage expands its power production portfolio to a total of 281 MW.
Since entering the market in France in December 2013, the company has acquired solar plants with a capacity of 74 MW in short term, firmly positioning itself in the market like in Italy and Germany as well.
Felix Goedhart, CEO of Capital Stage AG, comments: With this transaction we again implement an announced growth step according to plan. We are glad having been able to complete this transaction successfully with the vendor Aquila Capital, who we already know from the past as a reliable negotiation partner.
