CHORUS Clean Energy : acquires another solar park for institutional customers and highlights asset management competence

07. July 2016

CHORUS Clean Energy AG ('CHORUS'), the specialists in solar and wind park operation based in Neubiberg near Munich, acquired a solar park with a nominal capacity of 3.3 megawatts (MW) in Rüdersdorf (Brandenburg, Germany) for two German pension funds.

• Existing solar park in Brandenburg with total capacity of 3.3 megawatts rounds out portfolio for two pension funds
• CHORUS provides long-term operation of the plants
Neubiberg/Munich, July 7, 2016 - CHORUS Clean Energy AG ('CHORUS'), the specialists in solar and wind park operation based in Neubiberg near Munich, acquired a solar park with a nominal capacity of 3.3 megawatts (MW) in Rüdersdorf (Brandenburg, Germany) for two German pension funds. The seller is F&S solar concept GmbH based in Euskirchen. All of the contractual parties agreed to keep any further points of their agreement confidential.

The photovoltaic plants at 'Solarpark Rüdersdorf II' were connected to the grid back in August 2011 and have a state-backed feed-in tariff of 22.07 euro cents per kilowatt hour through the end of 2031. The amount of electricity produced annually covers the needs of about 1,200 average two-person households and saves the equivalent of 2,000 tons of environmentally unfriendly CO2 per year.

With the most recent purchase, CHORUS has again underscored its competence as an asset management service provider: In mid-October of 2015, CHORUS was commissioned by two notable pension funds to build a comprehensive portfolio of solar and wind parks that included their long-term operation. These institutional customers provided equity capital of approximately EUR 25 million, which have now been fully invested. In addition to the solar park in Brandenburg, the portfolio includes a solar park in Thuringia with a total capacity of nearly 3 MW, solar parks in Italy's Umbria and Lazio regions with a nominal capacity of about 2 MW and a wind park in Lower Saxony with a total capacity of more than 18 MW. All of the plants are connected to the grid.

'We are pleased that we could provide such a high-quality and balanced portfolio within this short time frame. Being commissioned with all further asset management services, including the operation of the plants, is further evidence of the customers' trust in our abilities,' says Holger Götze, CEO of CHORUS Clean Energy AG.

About CHORUS
CHORUS Group was founded in 1998 and operates 81 solar and wind parks with a capacity of more 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.

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: IR(at)chorus.de

IR(at)chorus.de