(Bloomberg) — Capital Stage AG, a German operator of
clean-energy plants, agreed to purchase a solar park in the
Wittenberg district of Saxony-Anhalt to increase its power-generating capacity.
The company will pay 17 million euros ($19 million) to GP
Joule GmbH for two projects, adding 14 megawatts of capacity, it
said Friday in a statement. One 8-megawatt park is already
connected to the grid and the 6-megawatt facility is expected to
be operational next month.
The acquisitions are part of its 150 million-euro
investment program with Gothaer Lebensversicherung AG, it said.
It’s studying other potential purchases in Germany, France,
Italy and the U.K., saying it’s “confident” the funds from the
partnership will be fully invested by the end of the year.
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Randall Hackley, Ana Monteiro