DGAP-News: CHORUS Clean Energy AG / Key word(s): Acquisition CHORUS Clean Energy AG acquires the largest wind park portfolio in its company history located in France 22.06.2016 / 08:34 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- CHORUS Clean Energy AG acquires the largest wind park portfolio in its company history located in France - Wind park portfolio in France consisting of four wind parks with a total capacity of 62.2 megawatts - Two wind parks with a capacity of 16 megawatts in operation since 2015 - Two wind parks with a capacity of 46.2 megawatts expected to be operational in third quarter of 2016 - Total capacity of managed portfolio increases to nearly 400 megawatts - Proceeds from IPO invested to a large extent 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 - all funds from its IPO in October 2015 as anticipated. The wind park portfolio consists of four wind parks with eight V90 turbines and 14 V117 turbines from the global market leader Vestas. Two of the wind parks were already connected to the grid in July 2015. These parks consist of the eight Vestas V90 turbines, which have a hub height of 105 meters. Over the course of August and September, the other two parks, which are nearly complete, will begin operations. These two parks have a total of 14 Vestas V117 turbines with a hub height of about 92 meters. All four parks are slated to produce over 148,000 megawatt-hours of electricity starting with the first full year of operation, which corresponds to the energy needs of about 55,000 average two-person households in Germany. 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. "With our most recent purchase, we are significantly expanding our presence in France. France offers very attractive conditions for investments in wind parks. With this transaction, we have invested the proceeds from the capital increase relating to our IPO in the fall of 2015 to a large extent as planned in high-yield renewable energy plants. The remaining IPO proceeds are planned to be invested in the near future. With a total portfolio of currently 397 megawatts, we are among the leading independent operators of wind and solar parks in Germany", says Holger Götze, CEO of CHORUS Clean Energy AG. The funding system in France is similar to Germany's and uses feed-in tariffs (FIT). These guarantee an inflation-adjusted price over a set period of time and also ensure that the generated electricity will be purchased at this price. The guaranteed feed-in tariff for the four wind parks starts at EUR 85.20 per megawatt-hour fed-in and covers a period of 15 years. The tariff will be adjusted annually based on the combination of several French price indices. With this acquisition, the total capacity of the portfolio managed by CHORUS increases to roughly 400 MW. In terms of nominal capacity, wind energy now accounts for 61 percent of the CHORUS portfolio, of which 16 percent is located in France, 34 percent in Germany and 11 in other European countries. 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: [email protected] --------------------------------------------------------------------------- 22.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: CHORUS Clean Energy AG Prof.-Messerschmitt-Straße 3 85579 Neubiberg / Munich Germany Phone: +49 (0)89 442 30 60 - 0 Fax: +49 (0)89 442 30 60 - 11 E-mail: [email protected] Internet: www.chorus-gruppe.de ISIN: DE000A12UL56 WKN: A12UL5 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 473335 22.06.2016