DGAP-Adhoc: CHORUS Clean Energy AG acquires French wind park portfolio with a total capacity of 62.2 megawatts
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
CHORUS Clean Energy AG acquires French wind park portfolio with a total
capacity of 62.2 megawatts
Neubiberg/Munich, June 22, 2016 – CHORUS Clean Energy AG (“CHORUS”) based
in Neubiberg near Munich, a company specializing in the operation of solar
and wind parks, acquired a wind park portfolio in the Poitou-Charentes
region in Western France near the Atlantic coast with a total capacity of
62.2 megawatts (MW). With this purchase, CHORUS has invested – to a large
extent – the funds from its IPO in October 2015 as anticipated.
The wind park portfolio consists of four wind parks. Since July 2015 two of
the wind parks with eight Vestas V90 turbines were already connected to the
grid in July 2015. Over the course of August and September, the other two
parks, which are nearly complete, will begin operations. These two parks
will have a total of 14 Vestas V117 turbines.
CHORUS expects that the turbines will on average contribute about EUR 15
million to the company’s revenue annually during the term of the feed-in
tariff. The total investment volume, including the debt component, for the
wind parks amounts to about EUR 120 million. This is the largest single
investment in the history of CHORUS Clean Energy AG. The purchase is still
subject to the customary conditions precedent. The seller is the wind
project developer Volkswind GmbH, a subsidiary of the Swiss energy group
Based on the secured portfolio and the already signed asset management
agreements CHORUS expects revenues of more than EUR 62 million and an
operating result (EBITDA) of more than EUR 46 million (2015: EUR 42.9
million) for the full year 2016. Additional investments as well as
additional asset management agreements over the course of the year have not
been taken into consideration.
Information and Explanation of the Issuer to this News:
CHORUS Group was founded in 1998 and operates 80 solar and wind parks with
a capacity of around 400 megawatts in five European countries. With a
broadly diversified portfolio, the company generates stable, dependable and
sustainable returns. For professional investors, CHORUS offers investment
opportunities in power plants that generate renewable energy. CHORUS Clean
Energy AG covers the entire investment cycle – from asset sourcing via
financial and legal due diligence to monitoring and divestment.
Stephan Castenholz (Investor Relations)
CHORUS Clean Energy AG
Tel.: +49 (0) 89 / 442 30 60 – 0
Fax: +49 (0) 89 / 442 30 60 – 11
22.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de
Company: CHORUS Clean Energy AG
85579 Neubiberg / Munich
Phone: +49 (0)89 442 30 60 – 0
Fax: +49 (0)89 442 30 60 – 11
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,
End of Announcement DGAP News-Service
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