7C Solarparken AG

7C Solarparken AG invests in a 1.4 MWp rooftop plant in Thuringia

Business news for the stock market

Bayreuth (pta028/13.05.2016/14:10) - Bayreuth, 13 May 2016 - 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68 / WKN: A14KRM ISIN: DE000A14KRM4; stock exchange: regulated market in Frankfurt/Main (General Standard)) gained control in a 1.4 MWp rooftop PV farm in the district Gotha (Thuringia). Through this investment, the company's consolidated portfolio is rising to 86.4 MWp. The Gotha plant generates annual EBITDA of over EUR 425 T and has been financed with long-term debt of up to 18 years. At the end of 2015, the project loans totaled EUR 2.7 Mio. In spite of the inclusion of tier-1 components, the park's annual run-rate of 813 kWh/kWp is approx. 15% below the expert study mainly due to a lack of corrective maintenance causing significant inverter downtime. 7C Solarparken AG plans remedial investments, including a partial exchange of panels, to bring the plant's performance back to reasonable levels already in the course of 2016.

7C Solarparken 7C Solarparken AG is a pure solar power plant operator with a portfolio of approx. 85 MWp; most of the installations are located in Germany. The company is listed on the Frankfurt Stock Exchange's Regulated Market (General Standard). For further information:

7C Solarparken AG An der Feuerwache 15 95445 Bayreuth, Germany www.solarparken.com Steven De Proost, CEO [e-mail] Tel. +49 (0) (921) 230557 77



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emitter: 7C Solarparken AG address: An der Feuerwache 15, 95445 Bayreuth country: Germany contact person: Koen Boriau phone: [phone] e-mail: [e-mail] website: www.solarparken.com

ISIN(s): DE000A11QW68 (share), DE000A14KRM4 (share) stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Dusseldorf; open market in Berlin

[ source: http://www.pressetext.com/news/20160513028 ]