Pacifico Renewables Yield AG secures operational 7.6 MW solar park via contribution in kind and gains experienced project developer as strategic shareholder
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.
About WIRTH GRUPPE
The WIRTH GRUPPE was founded in 1997 and invests mainly in renewable energies in Germany and abroad, real estate portfolios and other strategic investments.
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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.deLanguage: English Company: Pacifico Renewables Yield AG Bavariafilmplatz 7, Geb?ude 49 82031 Gr?nwald
Germany E-mail: email@example.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