7C Solarparken AG

secures land and tariff for a 4 MWp new-build project in Thüringen

Business news for the stock market

Bayreuth (pta024/05.08.2016/19:47) - Bayreuth, 05. August 2016 - 7C Solarparken AG (WKN: A11QW6, ISIN: DE 000A11QW68; Börse: Regulierter Markt in Frankfurt/Main (General Standard)) has purchased land property of 7ha in Großfurra, part of the village of Sondershausen (Thüringen) on which it plans to erect a 4.1 MWp PV park. As a result, 7C Solarparken AG sees its PV Estate portfolio rising to 77ha and still considers PV Estate as an important long-term value retainer since property ownership enables a longer time horizon for the underlying PV project. Furthermore, the PV project itself has today also been granted by the Bundesnetzagentur a fixed feed-in tariff under the auctioning process of August 2016. According to the regulation, this project needs to be realized within the next 18 to 24 months.
Steven De Proost, CEO of 7C Solarparken AG: "Now that the land and the EEG tariff are secured, we will complete the administrative and legal paperwork and thereafter start the construction of the Großfurra project. Our first priority is however to select the components and the project financing."
Aside from this new-build project, 7C Solarparken AG also added an operational 250 kWp rooftop installation in Halberstadt to its portfolio. This small investment completes the package of similar rooftop acquisitions (Gotha, Wismar, Rostock) that were realized over the last months.

7C Solarparken
7C Solarparken AG is a pure solar power plant operator with a portfolio of approx. 91 MWp; most of the installations are located in Germany. The company is listed on the Frankfurt Stock Exchange's Regulated Market (General Standard).

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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 Hamburg, Berlin, Tradegate

[ source: http://www.pressetext.com/news/20160805024 ]