21.12.2015 11:45:51
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DGAP-News: Chorus Clean Energy
DGAP-News: Chorus Clean Energy AG expands portfolio in Austria by more than 21 megawatts
- Seller is project developer ECOwind, a subsidiary of BayWa r.e. Group
- Further acquisitions of attractive solar and wind parks are planned within the next few weeks
Neubiberg/Munich, 21 December 2015 - CHORUS Clean Energy AG ("CHORUS") based in Neubiberg near Munich, a company specializing in the operation of solar and wind power plants, has acquired a wind park in the state of Burgenland with a total capacity of over 7 megawatts (MW) and secured another wind park with a total capacity of more than 14 MW in Steiermark. By adding these two projects, CHORUS significantly extends its portfolio in Austria.
The wind park in Zagersdorf in the Austrian state of Burgenland is expected to be connected to the grid in April 2016. It consists of three proven wind turbines of the type Enercon E-92 with a hub height of more than 100 metres. The park benefits from a feed-in tariff of at least 9.27 Euro cents per kilowatt-hour (kWh) guaranteed for a period of 13 years.
CHORUS has secured an additional project in Herrenstein, Steiermark, which is planned to be connected to the grid in 2017. The wind park is entitled to a guaranteed feed-in tariff of 9.36 Euro cents per kilowatt-hour. CHORUS has been operating a wind park in this region since 2013, delivering an outstanding performance.
ECOwind GmbH, the seller of both parks, is specialising in the development of wind power plants. The company is based in Kilb, Austria, and a subsidiary of the BayWa r.e. Group. The renowned ECOwind is focused on the integrated planning and construction of wind farms in Austria and the neighbouring countries.
"Having secured these two new wind parks that perfectly fit into our portfolio, we have once more invested the proceeds of the IPO. In the coming weeks, the acquisition of more attractive solar and wind parks will follow", said Holger Götze, CEO of CHORUS Clean Energy AG. "Currently, we have access to an extensive pipeline of more than 800 MW which we are going to further expand given our excellent market knowledge and extensive network. Besides, we are confident to continuously supply our investors with high-quality renewable energy plants with stable cash-flows throughout Europe", the CEO added.
About the CHORUS Group
CHORUS Group was founded in 1998 and operates solar and wind parks in five European countries. To date and including the latest transaction 70 solar and wind parks with an output of 286 megawatts have been realized. For institutional investors, CHORUS also offers investment opportunities in renewable energy plants. CHORUS Clean Energy AG covers the entire investment cycle - from sourcing of assets through financial and legal due diligence to monitoring and divestiture.
Contact: Stephan Castenholz (Investor Relations) CHORUS Clean Energy AG Tel.: +49 (0) 89 / 442 30 60 - 0 Fax: +49 (0) 89 / 442 30 60 - 11 E-Mail: s.castenholz@chorus.de
Rebecca Jarschel (Corporate Communications) CHORUS Clean Energy AG Tel.: +49 (0) 89 / 442 30 60 - 24 Fax: +49 (0) 89 / 442 30 60 - 11 E-Mail: r.jarschel@chorus.de
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21.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: CHORUS Clean Energy AG Prof.-Messerschmitt-Straße 3 85579 Neubiberg / Munich Germany Phone: +49 (0)89 442 30 60 - 0 Fax: +49 (0)89 442 30 60 - 11 E-mail: info@chorus.de Internet: www.chorus-gruppe.de ISIN: DE000A12UL56 WKN: A12UL5 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
425399 21.12.2015
DGAP-News: CHORUS Clean Energy AG / Key word(s): Acquisition
CHORUS Clean Energy AG expands portfolio in Austria by more than 21
megawatts
21.12.2015 / 11:45
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
CHORUS Clean Energy AG expands portfolio in Austria by more than 21
megawatts
- CHORUS acquires wind park in the Austrian state of Burgenland and
secures another wind park in the state of Steiermark
- Seller is project developer ECOwind, a subsidiary of BayWa r.e. Group
- Further acquisitions of attractive solar and wind parks are planned within the next few weeks
Neubiberg/Munich, 21 December 2015 - CHORUS Clean Energy AG ("CHORUS") based in Neubiberg near Munich, a company specializing in the operation of solar and wind power plants, has acquired a wind park in the state of Burgenland with a total capacity of over 7 megawatts (MW) and secured another wind park with a total capacity of more than 14 MW in Steiermark. By adding these two projects, CHORUS significantly extends its portfolio in Austria.
The wind park in Zagersdorf in the Austrian state of Burgenland is expected to be connected to the grid in April 2016. It consists of three proven wind turbines of the type Enercon E-92 with a hub height of more than 100 metres. The park benefits from a feed-in tariff of at least 9.27 Euro cents per kilowatt-hour (kWh) guaranteed for a period of 13 years.
CHORUS has secured an additional project in Herrenstein, Steiermark, which is planned to be connected to the grid in 2017. The wind park is entitled to a guaranteed feed-in tariff of 9.36 Euro cents per kilowatt-hour. CHORUS has been operating a wind park in this region since 2013, delivering an outstanding performance.
ECOwind GmbH, the seller of both parks, is specialising in the development of wind power plants. The company is based in Kilb, Austria, and a subsidiary of the BayWa r.e. Group. The renowned ECOwind is focused on the integrated planning and construction of wind farms in Austria and the neighbouring countries.
"Having secured these two new wind parks that perfectly fit into our portfolio, we have once more invested the proceeds of the IPO. In the coming weeks, the acquisition of more attractive solar and wind parks will follow", said Holger Götze, CEO of CHORUS Clean Energy AG. "Currently, we have access to an extensive pipeline of more than 800 MW which we are going to further expand given our excellent market knowledge and extensive network. Besides, we are confident to continuously supply our investors with high-quality renewable energy plants with stable cash-flows throughout Europe", the CEO added.
About the CHORUS Group
CHORUS Group was founded in 1998 and operates solar and wind parks in five European countries. To date and including the latest transaction 70 solar and wind parks with an output of 286 megawatts have been realized. For institutional investors, CHORUS also offers investment opportunities in renewable energy plants. CHORUS Clean Energy AG covers the entire investment cycle - from sourcing of assets through financial and legal due diligence to monitoring and divestiture.
Contact: Stephan Castenholz (Investor Relations) CHORUS Clean Energy AG Tel.: +49 (0) 89 / 442 30 60 - 0 Fax: +49 (0) 89 / 442 30 60 - 11 E-Mail: s.castenholz@chorus.de
Rebecca Jarschel (Corporate Communications) CHORUS Clean Energy AG Tel.: +49 (0) 89 / 442 30 60 - 24 Fax: +49 (0) 89 / 442 30 60 - 11 E-Mail: r.jarschel@chorus.de
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21.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: CHORUS Clean Energy AG Prof.-Messerschmitt-Straße 3 85579 Neubiberg / Munich Germany Phone: +49 (0)89 442 30 60 - 0 Fax: +49 (0)89 442 30 60 - 11 E-mail: info@chorus.de Internet: www.chorus-gruppe.de ISIN: DE000A12UL56 WKN: A12UL5 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
425399 21.12.2015
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