Pacifico Renewables Yield, an independent energy producer listed in the primary market segment of the open market of the Dusseldorf Stock Exchange, has acquired a 15.6-megawatt onshore wind farm in Rhineland-Palatinate, Germany, from New Energies Systems.
The onshore wind park is expected to produce approximately 37 gigawatt hours of green electricity and reduce carbon emissions by almost 30,000 tons. All five turbines of the wind farm were commissioned in January and February 2021.
“The acquisition is another important step to expand our portfolio to 400 megawatts by 2023, reaching our mid-term target,” said Martin Siddiqui, co-CEO of Pacifico. The closing of the transaction will increase Pacifico's portfolio capacity by 19 percent, to 96.6 megawatts.
Pacifico said the transaction was fully debt-financed with the firm’s €16.3 million ($19 million) revolving credit facility provided by Triodos Bank N.V.
Pacifico Energy Partners will be mandated as
