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PRESS RELEASE: 7C Solarparken AG: target 200 MWp reached !

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DGAP-News: 7C Solarparken AG / Key word(s): Expansion
7C Solarparken AG: target 200 MWp reached !

2020-02-26 / 08:44
The issuer is solely responsible for the content of this announcement.

7C Solarparken AG: target 200 MWp reached !

Bayreuth, 26.02.2020 - 7C Solarparken AG (WKN: A11QW6 / ISIN: DE000A11QW68)
has grown its IPP Portfolio to the milestone level of 200 MWp through a
series of new-build investments as well as acquisition of operating PV
installations across Germany. Following installations have been added to the
portfolio during the last few weeks:

* 0.6 MWp rooftop installation in Bernterode, Thuringia: A new-build project
with components from Q-Cells and Huawei. The project enjoys a fixed feed-in
tariff of EUR 84/MWh, but is not yet grid-connected.

* 0.6 MWp rooftop installation in Noßwitz, Sachsen. A new-build project
with components from Canadian Solar and Huawei. The project enjoys a fixed
feed-in tariff of EUR 87/MWh and has been connected to the grid since Q4'19.

* 0.7 MWp rooftop project in Luckow, Mecklenburg Vorpommern. A new-build
project equipped with JA Solar and Fronius, commissioned early 2020 with a
tariff of EUR 80/MWh and is awaiting its grid connection.

* A portfolio of 1.9 MWp in Parchen and Wieglitz, Saxony Anhalt. These two
rooftop projects were commissioned during 2016-17 at an average tariff of
107/MWh and are equipped with Q-Cells panels and Huawei inverters.

* Freefield installations in Calbe, Saxony Anhalt with a total capacity of 2
MWp. Two PV parks have been constructed at two different locations in the
same municipality and were fully developed in-house. MaxSolar GmbH acted as
EPC contractor, panels of Amerisolar and Renesola were installed. Although
commissioning of the plants took place in January 2020, grid connection is
scheduled only within a few months. Noteworthy is that a small part of the
project will sell its electricity on the market and therefore not obtain a
feed-in tariff. Both projects have been built *on* the group's own land,
i.e. part of the PV Estate portfolio.

* Acquisition of an operational rooftop portfolio of 4.4 MWp across three
locations: Wittlich (close to Trier, Rhineland Palatine), Remptendorf
(Thuringia) and Dessau (Saxony Anhalt). All installations were commissioned
during 2018-19 with panels from Bisol and Suntech, and inverters from SMA.
The installations enjoy an average tariff of ca. EUR 100/MWh. 7C Solarparken
also acquired the plot of land (0.9 ha) including a logistics building in
Dessau

Steven De Proost, CEO of 7C Solarparken AG, comments: "In an effort to
facilitate value creation for our shareholders, we have promised to grow
into a Tier-two player, meaning owning a 200 MWp IPP portfolio and/or a 200
Mio euro market cap. Measured by both metrics, we have now achieved that
objective. The management's focus for 2020 will now be on integration of
recent investments, optimisation of plants and further growth up till 220
MWp. Evidently, we remain on the look-out for opportunities which might
bring us closer to our long-term target of 500 MWp including Asset
Management."

Contact:
7C Solarparken AG
Koen Boriau
Vorstand
An der Feuerwache 15
95445 Bayreuth
Deutschland
FON: +49 (0)921 230557-77
FAX: +49 (0)921 230557 79
EMAIL: info@solarparken.com
www.solarparken.com

2020-02-26 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: 7C Solarparken AG
An der Feuerwache 15
95445 Bayreuth
Germany
Phone: +49 (921) 23 05 57 77
Fax: +49 (921) 23 05 57 79
E-mail: info@solarparken.com
Internet: www.solarparken.com
ISIN: DE000A11QW68
WKN: A11QW6
Listed: Regulated Market in Frankfurt (General Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange; London
EQS News ID: 983663

End of News DGAP News Service

983663 2020-02-26



(END) Dow Jones Newswires

February 26, 2020 02:44 ET ( 07:44 GMT)
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