Hamburg-based solar and wind park operator Capital Stage announced on December 4 that it has for the first time acquired two solar parks in the Netherlands. The solar parks have a total generation capacity of 47.6 megawatts (MW) and are expected to be connected to the grid in October 2018.
The total investment volume, including project-related debt financing, amounts to EUR 44.5 million. With this most recent acquisition, the generating capacity of all photovoltaic installations of Capital Stage increases to over 770 megawatts and that of the total portfolio to some 1.5 Gigawatt (GW).
The solar parks in Melissant and Ooltgensplaat are both located in the province of South Holland (Zuid-Holland), and have a generation capacity of 10.0 megawatts and 37.6 megawatts respectively. Over the first 15 years, the projects will receive a feed-in tariff of EUR-Cent 10.7 per kilowatt-hour.
The seller of the photovoltaic installations is the Dutch project developer Sunstroom Engineering B.V. The Capital Stage AG expects the solar parks to generate revenue of about five million euros from the first full year of operation onwards.
The technical management in the first five years following commissioning of the solar parks will be administered by the seller. Capital Stage will be responsible for the commercial management.
Dr Dierk Paskert, CEO of Capital Stage AG said:
“The Netherlands offer very good framework conditions for investments in photovoltaic installations. In addition to expected capacity additions of around five gigawatts by the end of the year 2020, these include attractive financing conditions, the high level of investment security and the currency congruence. The two solar parks we acquired are among the largest projects in the Netherlands and therefore have quite a flagship effect. They form a good basis for further investment in our neighbouring country.”
With the successful market entry into Denmark and the Netherlands Capital Stage was also able to further increase the regional diversification of his portfolio 2017.
Source: Press Release by Capital Stage AG. Image Credit:© Capital Stage AG.