23.12.2015 09:49:21
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DGAP-News: Chorus Clean Energy
DGAP-News: Chorus Clean Energy AG acquires solar and wind park in Germany with a capacity of more than 21 megawatts for institutional clients
- Only a few weeks after the agreement on a cooperation with two pension funds, the majority of the capital is invested
- CHORUS successfully rounds off renewable energy portfolio for the institutional investors
- CHORUS provides long-term operation of the plants
Neubiberg/Munich, 23 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 solar park as well as a wind park in Germany for two notable pension funds. Both parks have a combined capacity of more than 21 megawatts (MW). With the acquisition of the plants, the majority of the provided capital was invested within only a few weeks after the agreement on the cooperation. CHORUS was mandated to compile a diversified portfolio and to provide the long-term and full-service operation of the plants.
The solar park in Thuringia extends over an area of four hectares. With a total capacity of nearly 3 MW, it has already been connected to the grid on December 15, 2015. The park benefits from a guaranteed feed-in tariff of 8.93 euro cents per kilowatt-hour (kWh) expiring by the end of 2035.
The wind park is located in the district of Osterholz in Lower Saxony. In total six Enercon E-101 wind turbines with a hub height of almost 135 metres and a total capacity of more than 18 MW were erected. The guaranteed feed-in tariff is 8.8 euro cents per kilowatt-hour (kWh).
"In line with our growth strategy, we focus on the expansion of our own portfolio with the proceeds of the IPO by at the same time further extending our asset management business. We are delighted not only to round off the portfolio of our institutional clients but to also further strengthen our position as a leading provider of asset management services for institutional investors", said Holger Götze, CEO of CHORUS Clean Energy AG.
The portfolio compiled for the pension funds by CHORUS is completed by two solar plants in Umbria and Lazio, Italy, with a total capacity of roughly 2 MW which was transferred from the company's portfolio.
About the CHORUS Group
CHORUS Group was founded in 1998 and operates solar and wind parks in five European countries. Including the latest transactions 70 solar and wind parks with an output of more than 305 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 - 0 Fax: +49 (0) 89 / 442 30 60 - 11 E-Mail: r.jarschel@chorus.de
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23.12.2015 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 ---------------------------------------------------------------------------
426005 23.12.2015
DGAP-News: CHORUS Clean Energy AG / Key word(s): Acquisition
CHORUS Clean Energy AG acquires solar and wind park in Germany with a
capacity of more than 21 megawatts for institutional clients
23.12.2015 / 09:49
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
CHORUS Clean Energy AG acquires solar and wind park in Germany with a
capacity of more than 21 megawatts for institutional clients
- Only a few weeks after the agreement on a cooperation with two pension funds, the majority of the capital is invested
- CHORUS successfully rounds off renewable energy portfolio for the institutional investors
- CHORUS provides long-term operation of the plants
Neubiberg/Munich, 23 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 solar park as well as a wind park in Germany for two notable pension funds. Both parks have a combined capacity of more than 21 megawatts (MW). With the acquisition of the plants, the majority of the provided capital was invested within only a few weeks after the agreement on the cooperation. CHORUS was mandated to compile a diversified portfolio and to provide the long-term and full-service operation of the plants.
The solar park in Thuringia extends over an area of four hectares. With a total capacity of nearly 3 MW, it has already been connected to the grid on December 15, 2015. The park benefits from a guaranteed feed-in tariff of 8.93 euro cents per kilowatt-hour (kWh) expiring by the end of 2035.
The wind park is located in the district of Osterholz in Lower Saxony. In total six Enercon E-101 wind turbines with a hub height of almost 135 metres and a total capacity of more than 18 MW were erected. The guaranteed feed-in tariff is 8.8 euro cents per kilowatt-hour (kWh).
"In line with our growth strategy, we focus on the expansion of our own portfolio with the proceeds of the IPO by at the same time further extending our asset management business. We are delighted not only to round off the portfolio of our institutional clients but to also further strengthen our position as a leading provider of asset management services for institutional investors", said Holger Götze, CEO of CHORUS Clean Energy AG.
The portfolio compiled for the pension funds by CHORUS is completed by two solar plants in Umbria and Lazio, Italy, with a total capacity of roughly 2 MW which was transferred from the company's portfolio.
About the CHORUS Group
CHORUS Group was founded in 1998 and operates solar and wind parks in five European countries. Including the latest transactions 70 solar and wind parks with an output of more than 305 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 - 0 Fax: +49 (0) 89 / 442 30 60 - 11 E-Mail: r.jarschel@chorus.de
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23.12.2015 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 ---------------------------------------------------------------------------
426005 23.12.2015
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