Capital Stage Calls for Refinancing to Boost Investment in Italian Solar Parks

published: 2014-10-20 15:09 | editor: | category: News

Capital Stage, a Hamburg-based operator of solar and wind parks, pursues the optimization of its financing structure after successfully refinancing seven equity financed solar parks in Italy and disposed of additional free funds amounting to around 23 million euros.

The funds refinanced by Capital Stage are intended to be utilized for further investments. Last week, a corresponding financing agreement with BayernLB was signed. The agreement comprises of long-term loans, which replace a major part of the tied up equity within the individual solar park project companies.

Felix Goedhart, CEO of Capital Stage AG, is pleased: “The successful signing of this agreement with BayernLB is a milestone in our financing strategy and shows that good and highly profitable projects are bankable everywhere.”

After the successful conclusion of a credit line for acquisitions on corporate level with a volume of twelve million euros and the refinancing of four solar parks in Germany amounting to a total of ten million euros, this loan represents a further improvement within the financing strategy. Capital Stage already announced in spring to exploit the currently low interest environment by raising debt to finance the upcoming growth steps without equity transactions.

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