23. September 2016

CHORUS Clean Energy AG ('CHORUS'), the specialists in solar and wind park operation based in Neubiberg near Munich, was commissioned by a major German pension fund to expand its portfolio of renewable energy parks.

  • Acquisition of the Parey wind park in Saxony-Anhalt with 18.8 megawatts for German pension fund
  • Modern turbines have been connected to the grid since July 2016
  • Total capacity of managed portfolio rises to over 530 megawatts

Neubiberg/Munich, September 23, 2016 - CHORUS Clean Energy AG ('CHORUS'), the specialists in solar and wind park operation based in Neubiberg near Munich, was commissioned by a major German pension fund to expand its portfolio of renewable energy parks. With the funds from this capital commitment, CHORUS has acquired its first wind park in the Jerichower Land district in Saxony-Anhalt. Providing a total capacity of 18.8 megawatts (MW), the turbines were developed and assembled by the tradition-rich construction company JOHANN BUNTE from Papenburg. The total capacity of the portfolio managed by CHORUS thereby rises above 530 MW.

The Parey wind park consists of eight Enercon E-92 turbines with a hub height of nearly 104 meters and a nominal capacity of 2.35 MW per unit. Its turbines have been connected to the medium-voltage grid since July 2016. For the coming 20 years, the Parey wind park will receive a guaranteed feed-in tariff paying an average of 87.20 euros per megawatt-hour. The wind park should produce more than 33,000 megawatt-hours of clean energy with every full year of operation and thereby save the equivalent of 20,000 tons of environmentally unfriendly CO2.

'The most recent capital commitment from a renowned pension fund shows the great faith that institutional investors have in the management expertise of CHORUS. With the wind park acquired for the customer, we have strengthened our portfolio with a profitable site in Saxony-Anhalt. We are pleased about the capital commitment and that we can manage the park for our customer over the long term,' says Holger Götze, CEO of CHORUS Clean Energy AG.

About JOHANN BUNTE
With above 1.600 employees and a turnover of more than EUR 400 Mio. BUNTE is a general contractor for structural, civil and hydraulic engineering. Moreover, BUNTE has realized several wind- and pv energy projects.

About CHORUS
CHORUS Group was founded in 1998 and operates 94 solar and wind parks with a capacity of more than 530 megawatts in seven 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 operational management 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

Chorus Clean Energy AG published this content on 23 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 September 2016 06:38:08 UTC.

Original documenthttp://www.chorus.de/en/press/press-releases/detail-view/article/chorus-clean-energy-ag-receives-capital-commitment-from-pension-fund-for-portfolio-expansion-and-acq/

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