CHORUS Clean Energy AG
CHORUS Clean Energy AG achieves further growth in fiscal year 2016
DGAP-News: CHORUS Clean Energy AG / Key word(s): Final Results
– Group revenue increases by 7.2 percent to EUR 62.8 million – Operating result EBITDA improves by EUR 2.2 million to EUR 47.9 million – Managed wind and solar park portfolio expanded by additional 230 megawatts – Electricity production increased by 94.9 percent to 760 million kilowatt hours
During the reporting period, the portfolio managed by CHORUS expanded from 72 to 95 wind and solar parks. The total capacity of the parks grew by 230 megawatts (MW) to 530 MW. Between the beginning of January and the end of December 2016, they generated about 760 million kilowatt hours (kWh) of clean energy. Compared to the previous year, this represents a near doubling (2015: 390 million kWh). The Asset Management segment, where CHORUS provides a wide range of services for institutional investors, was also significantly expanded during the reporting period. “We already operate seven solar parks and 20 wind parks on behalf of our institutional customers. Only in the second half of 2016, we invested about EUR 124 million on their behalf and finalized additional contracts for asset management services,” says CHORUS Management Board Member Karsten Mieth. He expects further growth in this segment: “In the current year, we are planning to continue our successful series of Luxembourg specialized funds with the addition of a SICAV-RAIF fund that will allow institutional investors to invest in renewable energy plants.” “We are very pleased with the results achieved in the 2016 fiscal year. Some of them notably exceeded our expectations. We are looking forward to contributing our expertise to Capital Stage AG and the successful advancement of the Group. The opportunities in the market for renewable energy are enormous and we want to exploit these together,” says Helmut Horst, member of the Management Board at CHORUS. The 2016 complete annual report is available for download on the company’s website at http://www.chorus.de/en/investor-relations/publications/.
In 2016 Capital Stage AG, Hamburg, made a voluntary public takeover bid for all shares of CHORUS Clean Energy AG and acquired over 94 percent of the company’s shares. The Capital Stage Group jointly operates solar power stations and wind parks in Germany, France, Finland, Great Britain, Italy, Austria and Sweden with a generation capacity of more than 1.2 Gigawatts.
03.04.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | info@chorus.de |
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 |