Capital Stage AG expands wind farm and solar park portfolio
Capital Stage, the SDAX-listed solar and wind park operator based in Hamburg, has further expanded its solar and wind park portfolio in Germany. The company has acquired a wind farm near Cologne with a total output of around 5.0mw and a solar park near Magdeburg with a capacity of around 4.3mw.
The total investment volume for the two parks amounts to approximately €15.2 million. Capital Stage expects the two parks to generate revenues of more than €1.3 million annually from the first full year of operation onwards.
The Hürth-Barbarahof wind park near Cologne consists of two identically constructed type GE 2.5–120 wind turbines, which have a hub height of 110 metres and achieve a total generation capacity of around 5.0mw. They are scheduled to go into operation by the end of the year.
After commissioning, the turbines will benefit from a state-guaranteed feed-in tariff of €7.68 per kilowatt hour. The seller and developer of the wind park are Bremen-based Energiekontor AG, who will also be responsible for the commercial and technical management of the park in the future. The total investment volume for the Barbarahof wind park amounts to approximately €10.5 million. This is the ninth wind park that Capital Stage AG has acquired from Energiekontor AG.
The Letzlingen solar park in Saxony-Anhalt, not far from the regional capital Magdeburg, consists of two plant sections and has a total generation capacity of approximately 4.3mw. It has been connected to the grid since December 2017 and benefits from a state-guaranteed average feed-in tariff of €8.05 for each kilowatt-hour generated.
The seller of the photovoltaic plants and the associated land is project developer Sunovis in Singen am Hohentwiel, a company specialising in the construction of solar parks in Germany. Sunovis will continue to be responsible for the technical management of the park while Capital Stage AG will take over commercial management. The total investment volume in the solar park amounts to approximately €4.7 million.
“Despite our expansion into international markets, Germany remains our home market in which we will continue to grow in the future,” says Dr Dierk Paskert, CEO of Capital Stage AG. “In doing so, we rely on experienced project developers like Energiekontor and now, for the first time, Sunovis, both of whom offer us high-quality projects with good return profiles,” adds Paskert.