Capital Stage, the SDAX-listed solar and wind park operator based in Hamburg, has acquired another British solar park with a generating capacity of around 5 MW. Therewith Capital Stage further expands its position on the British solar market to a total generating capacity of almost 70 MW. The total investment volume including planned debt project financing amounts to about GBP5.9 million (US$8.9 million).
The solar park is located in the south-west of England. After entering operations the park will profit from a public guaranteed feed-in tariff for a period of 20 years. The applicable feed-in tariff amounts to GBP 0.1101/kWh (EUR 0.1527 kWh) and is linked to the retail price index. Grid connection for the park is scheduled for December 2015. Capital Stage expects the newly acquired British solar park to make revenue contributions of approximately 600 TGBP from the first year of full operation onwards.
At the time of acquisition the solar park has been financed on an all-equity basis. A refinancing within a classic project financing structure is planned and Capital Stage has already entered very promising negotiations with long-standing and trusted financing partners.
The British solar park has been sold to Capital Stage AG by the project developer and general contractor Gamma Energy Ltd., a 100% subsidiary of the Spanish Sferaone Solutions & Services S.L. Gamma Energy is specialised in renewable energies and runs various other attractive projects in the UK that are currently being reviewed by Capital Stage.