Capital Stage buys 9.3 MW of wind, solar parks in Germany

German company Capital Stage AG (ETR:CAP) said today it has bought a wind project near Cologne and a solar power plant near Magdeburg with a combined capacity of 9.3 MW.

More specifically, the company has acquired the 5-MW, two-turbine Huerth-Barbarahof wind park that is expected to enter into service this month. The seller, Bremen-based Energiekontor AG (ETR:EKT), will be in charge of the commercial and technical management of the plant.

Also, it has bought the already operational 4.3-MW Letzlingen solar park in Saxony-Anhalt from Sunovis. The latter will continue to be responsible for the technical management of the plant.

The total investment volume for the two assets amounts to EUR 10.5 million (USD 12.5m) and EUR 4.7 million, respectively. The wind park will be selling its output at EUR 0.0768 per kWh, while the solar plant benefits from a state-guaranteed average feed-in tariff (FiT) of EUR 0.0805/kWh.

Capital Stage expects the two plants to generate annual revenues of over EUR 1.3 million from the first full year of operation onwards.

(EUR 1.0 = USD 1.188)

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