CHORUS Clean Energy : acquires French wind park portfolio with a total capacity of 62.2 megawatts

22. June 2016

Neubiberg/Munich, June 22, 2016 - CHORUS Clean Energy AG ('CHORUS') based in Neubiberg near Munich, a company specializing in the operation of solar and wind parks, acquired a wind park portfolio in the Poitou-Charentes region in Western France near the Atlantic coast with a total capacity of 62.2 megawatts (MW). With this purchase, CHORUS has invested - to a large extent - the funds from its IPO in October 2015 as anticipated.

Neubiberg/Munich, June 22, 2016 - CHORUS Clean Energy AG ('CHORUS') based in Neubiberg near Munich, a company specializing in the operation of solar and wind parks, acquired a wind park portfolio in the Poitou-Charentes region in Western France near the Atlantic coast with a total capacity of 62.2 megawatts (MW). With this purchase, CHORUS has invested - to a large extent - the funds from its IPO in October 2015 as anticipated.

The wind park portfolio consists of four wind parks. Since July 2015 two of the wind parks with eight Vestas V90 turbines were already connected to the grid in July 2015. Over the course of August and September, the other two parks, which are nearly complete, will begin operations. These two parks will have a total of 14 Vestas V117 turbines.

CHORUS expects that the turbines will on average contribute about EUR 15 million to the company's revenue annually during the term of the feed-in tariff. The total investment volume, including the debt component, for the wind parks amounts to about EUR 120 million. This is the largest single investment in the history of CHORUS Clean Energy AG. The purchase is still subject to the customary conditions precedent. The seller is the wind project developer Volkswind GmbH, a subsidiary of the Swiss energy group Axpo.

Based on the secured portfolio and the already signed asset management agreements CHORUS expects revenues of more than EUR 62 million and an operating result (EBITDA) of more than EUR 46 million (2015: EUR 42.9 million) for the full year 2016. Additional investments as well as additional asset management agreements over the course of the year have not been taken into consideration.

About CHORUS
CHORUS Group was founded in 1998 and operates 80 solar and wind parks with a capacity of around 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