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MarketScreener Homepage  >  Equities  >  Xetra  >  7C Solarparken AG    HRPK   DE000A11QW68

7C SOLARPARKEN AG

(HRPK)
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22.06.2020 7C Solarparken AG: 7C Solarparken AG has commissioned its first floating PV installation

06/22/2020 | 03:12am EST

Bayreuth (pta007/22.06.2020/07:50) - Bayreuth, 22.06.2020 - 7C Solarparken AG (WKN: A11QW6 / ISIN: DE000A11QW68) invests for the first time in a floating PV installation. The park nearby Salzwedel has a capacity of 729 kWp and is equipped with Longi panels and Huawei inverters. Solar WO Engineering, as long-term EPC contractor to the company, has erected the project and opted for the mounting structure of Ciel & Terre, a clear market leader with almost 200 floating installations. The PV installation is "swimming" in a lake that is used by the local environmental utility as a large water storage reservoir. Buoys keep the installation on the water surface. Due to above-normal cooling conditions, the park should generate a relatively high Performance Ratio (>85%) so that management assumes production in excess of 729 MWh, sufficient to supply an equivalent of 200 households. A fixed feed-in tariff of EUR 68/MWh will apply. The group's IPP portfolio is raised to 210 MWp versus 190 MWp at year-end 2019.

Steven De Proost, CEO of 7C Solarparken AG comments: "Floating PV is a relatively new technology that has the potential to be installed on waste water and drinking water reservoirs, industrial ponds and unused mine lakes. Construction of the plant went very smoothly, and we also believe that the installation will be relatively easy to maintain."

PV Estate further enlarged by 6.8 ha

7C Solarparken also purchased 6.8ha land in an industrial zone in Lüptitz. The land accommodates already an existing PV plant of ca. 6 MWp which is owned by a third-party investor. Annual rental fees of EUR 50T are secured until the end of the feed-in lifetime (2032). Through this additional investment, the company now owns a PV Estate portfolio of 140 ha.
(end)

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7C Solarparken AG published this content on 22 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2020 07:11:07 UTC


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Sales 2020 49,5 M 59,7 M 59,7 M
Net income 2020 8,64 M 10,4 M 10,4 M
Net Debt 2020 219 M 265 M 265 M
P/E ratio 2020 33,5x
Yield 2020 2,54%
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EV / Sales 2020 10,3x
EV / Sales 2021 9,20x
Nbr of Employees 21
Free-Float 61,3%
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Mean consensus BUY
Number of Analysts 2
Average target price 5,55 €
Last Close Price 4,52 €
Spread / Highest target 32,7%
Spread / Average Target 22,8%
Spread / Lowest Target 12,8%
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Managers and Directors
NameTitle
Steven de Proost Chief Executive Officer
Joris de Meester Chairman-Supervisory Board
Koen Boriau Chief Financial Officer
Paul Alfons Decraemer Member-Supervisory Board
Bridget Woods Vice Chairman-Supervisory Board
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