CHORUS Clean Energy AG
CHORUS Clean Energy AG strengthens its asset management business with acquisition of Prime Renewables GmbH
DGAP-News: CHORUS Clean Energy AG / Key word(s): Expansion PRESS RELEASE CHORUS Clean Energy AG strengthens its asset management business with acquisition of Prime Renewables GmbH – Acquisition of asset management for wind and solar parks with a total capacity of more than 86 MW – Total capacity of the CHORUS-managed portfolio rises to over 485 MW Neubiberg/Munich, July 21, 2016 – CHORUS Clean Energy AG (“CHORUS”) based in Neubiberg near Munich, a company specializing in the operation of solar and wind parks, acquired Prime Renewables GmbH (PRG) from Prime Capital AG, based in Frankfurt am Main, on July 20, 2016 and is therefore considerably expanding its managed portfolio by over 86 megawatts (MW) to a total of more than 485 MW. The portfolio of PRG consists of renewable energy power plants distributed across five European countries. It includes eight wind parks located across Germany, France, Sweden and the UK with a total capacity of 69.5 MW as well as a 5 MW solar park in Italy and a solar roof portfolio in Southern France with a capacity of 12.1 MW. PRG is financed in large part by funding from institutional investors. CHORUS is assuming management of the PRG portfolio. The companies have agreed to keep the purchase price confidential. “With the acquisition of Prime Renewables GmbH, we continue to implement our strategic goal of substantially expanding our asset management segment. At the same time, we have established a presence in Sweden and the UK with the new wind parks there”, says Holger Götze, CEO of CHORUS Clean Energy AG. About CHORUS About Prime Capital
2016-07-21 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 |