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Capital Stage AG acquires solar park portfolio in the UK with a total generation capacity of 34.5 Megawatts

Capital Stage, the SDAX-listed solar and wind park operator based in Hamburg, acquired a portfolio of four solar parks in the UK with a total generation capacity of 34.5 megawatts (MW) today. All of the plants are located in the South of England and are already connected to the electricity grid. The parks benefit from the support of Renewables Obligation Certificates (ROC). The total investment volume in the solar parks amounts to approximately EUR 42.2 million.

Two of the solar parks, Witches (generation capacity 6.1 MW) and Rodbourne (7.6 MW), are located near the English cities of Hereford and Bristol, respectively, and have been in operation since 2013. Over the next 16 years, they will benefit from the remuneration granted under the UK’s Renewables Obligation Certificates (ROCs) scheme, which provides support for a period of 20 years following connection to the grid. A long-term power purchase agreement (PPA) will also be concluded for the parks. The same applies to the solar parks Wisbridge (9.3 MW), located between Oxford and Cambridge, and Gosfield (11.5 MW), near London, which were both connected to the grid in 2014. The PV park Gosfield furthermore contains an option to invest in an 11 MW battery storage capacity at a later point in time.
Capital Stage expects the four solar parks in the UK to generate revenues of over EUR 4.4 million annually from 2018 onwards.

As a result of this acquisition, the generation portfolio of Capital Stage AG in the UK increases to nearly 130 MW, which corresponds to a share of some nine per cent of Capital Stage AG’s total generation capacity.

“The investment into the British PV parks and the option to invest into battery storage capacities is a perfect match with our clear growth strategy and our strong view that the combination of PV and battery storage will be the superior energy system of the future”, says Dr Dierk Paskert, CEO of Capital Stage AG.

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