7C Solarparken AG has acquired a portfolio of rooftop PV installations across 16 different locations throughout Flanders and Brussels, at the premises of renowned companies such as amongst others Decathlon and Beaulieu. Two new-build projects are still under construction with commissioning scheduled before end of May 2021. It is noteworthy that new-projects < 750 kW, built in the Flemish region after 31 May 2021, will have to participate in an auction procedure rather than to obtain a pre-determined green certificate. All acquired projects will receive a 10-years green certificate upon the generation of green power. The sale of the produced electricity will mainly be consumed on-site at an agreed PPA with the local user while the excess power is to be sold on the free market. On average, the portfolio will generate unit revenues of EUR 125/MWh of which half reflects the value of a green certificate and the other half consists of the sale of electricity. Managements anticipates annual revenues of EUR 1.3 million once all installations will be fully grid-connected. EBITDA contribution is likely to exceed EUR 1.1 million in a normal year. The transaction is debt-financed for approx. EUR 7 million at average fixed rate of 1.6%.