January 23, 2017 12:19 PM ET

Electrical Equipment

Company Overview of 7C Solarparken AG

Company Overview

7C Solarparken AG engages in the ownership and operation of PV-farms primarily in Germany. The company has a combined asset portfolio 86 MWp. It also operates in Belgium and Italy. The company was formerly known as Colexon Energy, AG and changed its name to 7C Solarparken AG in January 2015. 7C Solarparken AG is based in Bayreuth, Germany.

An der Feuerwache 15

Bayreuth,  95445

Germany

17 Employees

Phone:

49 921 23 05 57 77

Fax:

49 921 23 05 57 79

Key Executives for 7C Solarparken AG

Founder, Chairman of the Management Board and Chief Executive Officer
Age: 42
Total Annual Compensation: €225.0K
Chief Financial Officer and Member of the Management Board
Age: 33
Total Annual Compensation: €159.0K
Compensation as of Fiscal Year 2015.

7C Solarparken AG Key Developments

7C Solarparken AG Announces Earnings Results for the First Nine Months and Production Results for the Third Quarter and First Nine Months of 2016; Provides Earnings Guidance for 2016

7C Solarparken AG announced earnings results for the first nine months and production results for the third quarter and first nine months of 2016. For the period, revenues were EUR 26.5 million compared to EUR 22.0 million a year ago. The strong revenue growth was mainly due to the expansion of the asset portfolio during 2016 as well as the full period effect of the investments during 2015. EBITDA was EUR 24.9 million compared to EUR 17.7 million a year ago. Net debt as at Sep. 30, 2016 was EUR 151,368,000. For the first nine-months, electricity production rose by 16% to 76 GWh from 65 GWh a year ago. For the third quarter, electricity production was 33 GWh against 27 GWh a year ago. The company aims to generate at least EUR 0.2 million EBITDA annually by means of asset rotation.

7C Solarparken AG - Analyst/Investor Day

7C Solarparken AG - Analyst/Investor Day

7C Solarparken AG, Annual General Meeting, Jul 15, 2016

7C Solarparken AG, Annual General Meeting, Jul 15, 2016.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 17, 2017
--
Merger/Acquisition
June 29, 2016
0.9 MWp Rooftop PV Farm in Neubukow
Merger/Acquisition
May 25, 2016
1.4 MWp Rooftop PV Farm
 

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