Capital Stage, the SDAX-listed solar and wind park operator based in Hamburg, has acquired an onshore wind park near Bremerhaven in Germany with a generation capacity of 18 MW. The acquisition is, as per usual, still subject to standard conditions precedent.
With this transaction, Capital Stage is promptly setting forth its successful investment strategy following the capital increase completetd end of April 2016. The total investment volume for the onshore wind park acquired, including debt, is nearly €40 million. In addition, on the basis of an attractive and promising project pipeline, Capital Stage expects to be able to announce further acquisitions in the area of solar energy and wind power before long.
The German onshore wind park acquired today by Capital Stage has a generation capacity of 18.0 MW and is located near Bremerhaven in Lower Saxony. The wind park comprises four Gamesa G128-4.5 wind turbines with a hub height of 120 metres.
The park is currently in the deployment phase; more precisely, the park is a so-called re-powering wind park, which involves replacing old wind park installations with new ones. The first new turbines are expected to be fully up and running by the end of December 2016, with the entire wind park reaching its full output by the end of March 2017.
Due to the re-powering status, long-term data regarding the wind directly on-site can be used for the revenue calculations. Moreover, the wind park benefits from a guaranteed feed-in tariff of 8.40 Euro-Cent per kilowatt-hour (kWh) for three of the installations and 8.30 Euro-Cent per kilowatt-hour for the remaining installation. The guaranteed feed-in tariff has a remaining term through the end of 2032. Beginning with the first full year of operation, the newly acquired German onshore wind park should generate revenue contributions of nearly €4 million.
The seller of the onshore wind park is the Bremen-based and exchange-listed company Energiekontor AG, from which Capital Stage acquired a different German onshore wind park in November 2015 with a generation capacity of 38.5 MW. In this context, both companies had already announced the review of further possibilities for collaboration and intend to continue working in close partnership in future.
Capital Stage is increasing its total generation capacity to almost 600 MW with the addition of this new wind park. In doing so, it is boosting its share of the existing wind energy portfolio from 18 per cent to around 21 per cent.