Capital Stage increases existing PV-portfolio in the UK to over 80 MW
Capital Stage, the SDAX-listed solar and wind park operator based in Hamburg, Germany, has acquired an UK solar park with a generation capacity of 5 MW from F&S solar concept (F&S).
Capital Stage has already acquired four British PV-parks from F&S solar including the new acquisition. The generating capacity of all PV parks owned by Capital Stage in the United Kingdom now surpasses 80 MW.
The solar park acquired by Capital Stage is located in the southeast of England in the county of Bedfordshire. Another British PV park of Capital Stage is in close vicinity to the newly acquired assets. The acquired PV-park is already in operation and has been connected to the UK power grid back in March 2016. For the power generated a long-term power purchase agreement (PPA) had been signed with Neas Energy, Denmark, an internationally operating energy trading company. The total investment in the park amounts to roughly €6.3 million (US$7.16 million).
F&S will provide the technical management for the parks for a period of two years. After that period, technical management will be handed over to Capital Stage Solar Service GmbH, a wholly-owned subsidiary of Capital Stage AG.
The solar park will initially be fully financed from the company’s own funds; refinancing in the form of a classic project loan is planned for a later date. The respective framework agreement has already been signed with the German BayernLB.
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