7C Solarparken AG

7C SOLARPARKEN announces 9-months figures 2016

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Bayreuth (pta009/18.11.2016/08:00) - 7C SOLARPARKEN announces 9-months figures 2016
I SIN DE000A11QW68

* 16% INCREASE IN ELECTRICITY PRODUCTION IN THE FIRST 9-MONTHS OF 2016
* 9M EBITDA OF EUR 24,9 MIO ALREADY EXCEEDS FULL YEAR EBITDA GUIDANCE OF EUR 24 MIO
* EXECUTION OF NEW STRATEGIC PLAN 2016-18 HAS STARTED

OPERATIONAL ACTIVITY

Power Production

In the first nine-months of 2016, electricity production rose by 16% to 76 GWh underpinned by an average installed capacity base of 88 MWp versus 71 MWp in 2015. The largest impact was the acquisition of the Miskina-Portfolio (13.7 MWp), which was fully reflected in the figures during 2016 for the first time, whilst the divestment of the French installation in Sainte Maxime (1 MWp) and Blumenthal (3.1 MWp) were no longer included in the first three quarters of 2016.

		2016 9M	2015 9M	Change
Weighted average capacity base	MWp	88	71	+24%
Production	GWh	76	65	+16%
Specific Yield	kWh/kWp	865	924	-6%

The third quarter of 2016 was almost at par (-1%) with the specific yield in the comparable quarter of 2015, which was characterized by an above-average irradiation as well. During 2016, September in particular was exceptionally sunny. Still, the specific yield of our capacity base for the first three quarters of 2016 was impacted by relatively poor weather conditions observed in the first half of 2016 (-10%). As a consequence, the specific yield for the first nine-months was down by 6% to 865 kWh/kWp compared to the previous period (924 kWh/kWp).

		2016Q3	2015Q3	Change	2016H1	2015H1	Change
Weighted average capacity base	MWp	90	71	+26%	86	71	+22%
Production	GWh	33	27	+25%	42	39	+10%
Specific Yield	kWh/kWp	372	375	-1%	492	549	-10%

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