7C Solarparken AG

7C Solarparken AG announces 9M figures 2017

Business news for the stock market

Bayreuth (pta034/20.11.2017/17:00) - * 21% INCREASE IN ELECTRICITY PRODUCTION COMPARED TO 9M 2016
* 9M- CLEAN-EBITDA ROSE BY 11% TO EUR 25.4m YEAR-ON-YEAR

OPERATIONAL ACTIVITY

POWER PRODUCTION
In the first nine months of 2017 electricity production rose by 21% to 92 GWh compared to the same period last year, underpinned by an expansion of the weighted average capacity base by 18% and an increase in production per unit of installed capacity (i.e. specific yield) by 2%, due to slightly better weather conditions.

		2017 9M	2016 9M
Weighted average capacity	MWp	103	88	18%
Production	GWh	92	76	21%
Specific yield	kWh/kWp	884	865	2%

Although weather conditions in the first half of 2017 were very positive (+11 % period on period), the very poor irradiation during September 2017 has plunged the production in the third quarter of 2017 by 9% compared to the third quarter of 2016. As a result the specific yield over the full nine months of 2017 went up only slightly by 2% when compared to the first three quarters of 2016.

		2017Q3	2016Q3		2017H1	2016H1
Weighted average capacity	MWp	106	90	18%	103	86	20%
Production	GWh	36	33	8%	56	42	35%
Specific yield	kWh/kWp	337	372	-9%	547	492	11%

ASSET PORTFOLIO
At the time of the publication of this trading update, the capacity of the solar asset portfolio has reached 118.8 MWp (year-end 2016: 100.5 MWp). In the first half of 2017, the group has commissioned the solar asset in Großfurra (4.082 kWp) and acquired the Belgian rooftop portfolio 'Swan Energy' with a capacity of 1.236 kWp.

INVESTMENTS	2017 9M			2016 9M
	Project	Capacity (kWp)		Projekt	Capacity (kWp)
Q1	Großfurra	4.082		Fahrenholz	2.005
Q2	Swan Energy	1.236		Wandersleben	1.423
				Groß-Stieten	1.434
				Neubukow	857
Q3	Grafentraubach III	746		Halberstadt	240
	Nettgau (under construction)	750		Goldberg (under construction)	1.750
	Goldberg 2 (under construction)	257		Schönebeck	3.496
	Bitterfeld (under construction)	4.606
Q4	Rüsselsheim	6.661		Mühlgrün	1.000
				Ludwigsfelde (under construction)	1.316
				Großfurra (ready-to-build)	4.082

In the third quarter an additional solar asset at the site in Grafentraubach (746 kWp) was taken into operation, whereas the new-build project Nettgau (750 kWp), Goldberg 2 (257 kWp) and Bitterfeld (4,606 kWp) were under construction during the third quarter 2017. The projects Nettgau and Goldberg have been commissioned at the time of this publication. In the last quarter of 2017, the group has also acquired the largest solar project in its history, the rooftop installation in Rüsselsheim with a capacity of 6,661 kWp.