Capital Stage to snap up 50.8-MW of French solar parks
Solar farm in France. Featured Image: Mny-Jhee/Shutterstock.com
Dec 15, 2014 - German solar and wind park operator Capital Stage AG (ETR:CAP) said Friday it has agreed to buy 50.8-MWp of solar parks in southern France for about EUR 70 million (USD 87m).
As part of the deal, Capital Stage will acquire five solar plants in the region of Aquitaine from German power plant project developer GP Joule, which will be in charge of the technical and commercial operations of the facilities. The existing project finance from HSH Nordbank will be taken over, as well, the buyer said.
The solar parks are currently being constructed and are expected to be commissioned by end-2014. They will operate under France’s feed-in tariff (FiT) programme and will get an average of EUR 0.11 per kWh until 2032.
Capital Stage noted that the acquisition is in line with its recent partnership with German insurer Gothaer Group, which aims to almost double the German firm’s current capacity of 313 MWp. Capital Stage will own 140 MWp of renewable energy capacity in France following the purchase, it added.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.