Pacifico Energy Partners is pleased to announce that it has reached financial close for a 51.8 MW wind farm portfolio in Poland in the amount of PLN 225,150,000.

 

Bayerische Landesbank will provide senior debt financing and ancillary facilities to the project companies as a sole lender to the projects. The three wind farms had successfully participated in the renewable energy tender launched by the Polish government in December 2019 and are currently under construction.

 

Jannik Hoffmann, Chief Financial Officer of Pacifico Energy Partners, said: “We are proud to achieve this milestone, especially at a time where financial markets have recently experienced COVID-19-related stress signals. This is clear evidence that with BayernLB we have chosen a great banking partner that has provided invaluable support. Pacifico is delighted to accelerate Poland’s move away from fossil fuels and help meet its renewable energy targets.”

 

Christoph Fischer, Global Head of Structured & Trade Finance at BayernLB: “We are proud to accompany Pacifico’s growth journey. Setting up these onshore wind parks in Poland is just another step towards a decarbonized and sustainable future energy system in Europe. BayernLB is proactively supporting the energy transition based on our exceptional track record in financing renewable energy generation projects.”

 

Pacifico Energy Partners GmbH is a renewable energy company. It facilitates the acquisition of operational and turn-key wind and solar plants, develops new green-field projects, repowers existing plants and provides state-of-the-art asset management services.

In June, Pacifico successfully closed its first acquisitions in the Czech PV market, diversifying it’s European renewable portfolio. A total of 4 PV power plants were acquired in two separate transactions within a few days. The plants are situated at locations with high solar irradiation and can thereby reach more than 1000 full-load hours per year.

The combined capacity of the portfolio is 7.5 MW, generating enough clean electricity to power more than 4000 households. The parks are in an impeccable technical condition and receive compensation via the Czech feed-in tariff, making the transaction a successful entry into yet another European market.

Pacifico Energy Partners GmbH (“Pacifico”) is a Munich-based investment company specializing in operative photovoltaic and wind farms. Its investment approach thus focuses on safe assets in existing and proven technologies with low risk.