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Pacifico Renewables Yield AG, DE000A2YN371

Pacifico Renewables Yield AG, DE000A2YN371

02.07.2021 - 07:04:08

Pacifico Renewables Yield AG secures operational 7.6 MW solar park via contribution in kind and gains experienced project developer as strategic shareholder

and made a declaration of intent for a long-term partnership. The development activities of the WIRTH GRUPPE, as well as the existing portfolio of the Wirth brothers, are intended to provide the Company with the opportunity to further expand its portfolio through the acquisition of construction-ready and operational solar plants in Germany and abroad.

Andreas Wirth, managing shareholder of WIRTH GRUPPE: "The contribution of a solar park developed by us not only makes us shareholders of Pacifico Renewables Yield AG but is also intended to be the beginning of a long-term partnership. We are convinced that Pacifico Renewables Yield AG has great potential and that our development skills are well complemented by Pacifico Renewables Yield AG's capital market expertise. The collaboration with Pacifico Renewables Yield AG will help us accelerate our development activities through the standardized sales process of construction-ready solar assets, while providing Pacifico Renewables Yield AG with further growth opportunities."

Christoph Strasser, Co-CEO: "The third partnership with a project developer is a great opportunity for us for the future. We feel that the partnership with the shareholders of WIRTH GRUPPE - true pioneers of the German solar industry - is a distinction for our business model. Markus and Andreas Wirth have numerous years of experience in our industry and great ambitions for the future, we are very much looking forward to our continued collaboration."

Increase in guidance for the fiscal year 2021 On the occasion of this transaction, the Company raises its revenue guidance for the fiscal year 2021 to ?18.6 million to ?20.0 million and its expected electricity production to 116 GWh to 128 GWh.

About Pacifico Renewables Yield AG

Pacifico Renewables Yield AG is an independent energy producer listed on the Open Market of the D?sseldorf Stock Exchange and its quality segment with additional requirements (primary market) (ISIN: DE000A2YN371) with the aim of building a continuously growing portfolio of renewable energy generation assets. Through operational solar and wind parks distributed across Europe, the company offers a clear and diversified profile with stable and predictable earnings.


The WIRTH GRUPPE was founded in 1997 and invests mainly in renewable energies in Germany and abroad, real estate portfolios and other strategic investments.

Legal Notice

Not for distribution or publication in the United States of America (including its territories and possessions), Canada, Japan or Australia or any other country where such publication might be unlawful. The distribution of this publication may be subject to legal restrictions in some jurisdictions and anyone in possession of this document or information referenced herein should inform themselves about and comply with any such restrictions. Failure to comply with such restrictions may constitute a violation of capital market laws of such countries.

This publication does not constitute an offer or a solicitation of an offer to purchase any securities of Pacifico Renewables Yield AG or any of its subsidiaries. The securities have already been sold.

This release may contain certain forward-looking statements, estimates, beliefs and projections regarding Pacifico Renewables Yield AG's future business, results of operations and earnings ("forward-looking statements"). Forward-looking statements can be identified by terminology such as "believe", "estimate", "anticipate", "expect", "intend", "will", or "should", as well as their negation and similar variations or comparable terminology. Forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current opinions, forecasts and assumptions of Pacifico Renewables Yield AG's management and involve significant known and unknown risks and uncertainties, and therefore actual results, performance or events may differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements contained herein should not be taken as guarantees of future performance or results and are not necessarily reliable indicators of whether or not such results will be achieved. The forward-looking statements contained in this release speak only as of the date of this release. We will not update the information, forward-looking statements or conclusions contained in this release to reflect subsequent events or circumstances, or to correct inaccuracies that may arise after the release of this release as a result of new information, future developments or otherwise, and do not undertake any obligation to do so. We assume no responsibility in any way for the occurrence of the forward-looking statements or assumptions contained herein.

[1] Indirectly via Andreas & Markus Wirth Solaranlagen GmbH & Co. KG.

[2] Via the contributing company, Andreas & Markus Wirth Solaranlagen GmbH & Co. KG.

02.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Pacifico Renewables Yield AG Bavariafilmplatz 7, Geb?ude 49 82031 Gr?nwald

Germany E-mail: ir@pacifico-renewables.com Internet: www.pacifico-renewables.com ISIN: DE000A2YN371 WKN: A2YN37 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Tradegate Exchange EQS News ID: 1214634 ? End of News DGAP News Service


@ dgap.de