7C Solarparken AG

7C SOLARPARKEN announces 9-months figures 2016 - Seite 2

At the end of the first 9 months 2016 capacity for the solar asset portfolio was at 94 MWp. After having reached the 95 MWp mark through the investment in the Mühlgrün project (1 MWp) in November 2016, capacity will be progressively expanded through completion of the current project under construction (Ludwigsfelde 1.3 MWp). In July 2016, the own development project Großfurra (4.1 MWp) was awarded a feed-in tariff under the new EEG tender scheme. The project is ready for construction in 2016, but will be operational in 2017.

INVESTMENTS	2016			2015
	Project Name	Capacity (kWp)		Project Name	Capacity (kWp)
Q1	Fahrenholz	2,005		Stolberg	648
Q2	Wandersleben	1,423		Glauchau I	1,059
	Groß-Stieten	1,434		Glauchau III	372
	Neubukow	857
Q3	Halberstadt	240		Miskina Portfolio	13,695
	Goldberg (commissioning in Q4)	1,750
	Schönebeck	3,496
Q4	Mühlgrün	1,000		Grafentraubach	1,817
	Ludwigsfelde (under construction)	1,316		Tulkas	644
	Großfurra (ready for construction)	4,100

The company aims to generate at least EUR 0.2 Mio. EBITDA annually by means of asset rotation. Upon selling Blumenthal in the first quarter 2016, the target for the current year is already achieved.

DIVESTMENTS	2016			2015
	Project Name	Capacity (kWp)		Project Name	Capacity (kWp)
Q1	Blumenthal	3,124
Q4				Sainte Maxime	1,028

In addition to the expansion of the solar asset portfolio, the company acquired the plots of land for the Großfurra (6.9 ha.) and the Mühlgrün (1.5 ha.) projects and added them to its PV Estate portfolio in the third quarter 2016.