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.

After a successful year 2018 and a continuation of the strong growth course in the new year, a further step towards the realization of our vision was completed. Just in time for the end of the month the new Pacifico website was finished and went online on May 16th.

The modern and professional website with a focus on Pacifico’s long-term vision underlines the successful development of the last years and is supposed to serve as Pacifico’s digital business card and underline its position in the renewable investment industry.

Many thanks to the team of Frischhut Design Bureau for the great website and the professional cooperation.

Pacifico acquires two photovoltaic systems, each with 1 MWp, from Dutch solar system manufacturer AIDE Energy Europe B.V. The systems, which were connected to the grid in 2011, have long-term feed-in contracts with fixed remuneration. They are located in the province of Basilicata in the sunny south of Italy. Due to the high irradiation, this area is predestined for solar power generation. “Thanks to the high full load hours, we can guarantee our investors reliable long-term yields,” says Ulf Oesterlin, Managing Director of Pacifico.

The purchase represents a continuation of the company’s intensified activities on the Italian market. In addition to the advantages of attractive solar locations, this strategy offers an opportunity to further diversify the company’s growing portfolio.

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.

Pacifico acquires another wind farm portfolio of 8 power plants at three locations in Germany and a combined capacity of 12 MWp. The wind turbines at sites in Titz, Etgersleben, and Berthelsdorf are of the type 1.5 SL by General Electrics. They have been operational for several years, allowing Pacifico to make a well-founded forecast of future yields. In addition, the existing full maintenance contracts with established partners could be taken over to guarantee a smooth take-over without any interruptions in operation.

The plants all have feed-in contracts with legally fixed remuneration through the German EEG. The historical operating data and the fixed feed-in tariffs provide the greatest possible planning security.

The locations in western and eastern Germany offer good wind conditions in order to guarantee attractive long-term returns even after the subsidy tariffs have expired. “With the purchase of the three wind farms, we were able to continue our growth course and upgrade our portfolio with yet another convincing project,” says Ulf Oesterlin, Managing Director of Pacifico.

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.

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Pacifico acquires an operational PV plant in Saxony-Anhalt, thus laying the foundation for a German photovoltaic portfolio. Following the successful expansion of the Italian portfolio last month, this step is intended to ensure geographical diversification.

 

The plant, which was already put into operation in 2010, is located on the roofs of an agricultural farm in the Harz district in Saxony-Anhalt and consists of polycrystalline modules of type AS-6p30 from the manufacturer AmeriSolar and inverters from the renowned manufacturer SMA. The total capacity of the plant is 1500 kW.

 

Due to defective thin-film modules and some assembly and design errors of the plant, some repair work is necessary. After successful completion of this work, which should be completed by mid-2018, a significant increase in yields can be expected.

 

In connection with the acquisition, it will also be possible to install new photovoltaic systems on additional roofs located at the farm and thus expand the total output to over 3 MW. The planning and construction of this expansion are scheduled to begin next year, and the grid connection is expected to be completed in 2019.

 

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.

Pacifico expands its portfolio in Italy with the acquisition of another solar plant. The plant has a total capacity of 1 MW and is located in the province of Lecce in the sunny south of Italy. Following the successful entry into the Italian market in April this year, this is already the second purchase within a few months.

The plant, consisting of XGroup modules, was originally connected to the grid in 2010 and has delivered constant yields since then. Through additional refurbishment measures and module replacements, the performance of the system could be improved further. In combination with the attractive feed-in tariff and high irradiation values, Pacifico expects high long-term yields from the new plant.

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.

With the acquisition of a solar power plant in northern Italy, Pacifico is expanding its portfolio and is now also entering the Italian market. As with previously acquired plants in Germany, this project is also an operational power plant with stable production values and long-term feed-in tariffs. The plant was connected to the grid for the first time in 2011, enabling reliable earnings forecasts and risk positions to be minimized.

In addition to attractive conditions in the Italian market, a reduction in portfolio risk was one of the reasons for expanding business activities to another stable EU country. “By diversifying our portfolio across several locations, we can minimize our risk and at the same time make optimal use of the geographical particularities of different European regions,” explains Fabian Herberg, Managing Director responsible for the Italian division.

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.

Pacifico’s management again reports success in the acquisition of several wind turbines in the German state of Rhineland-Palatinate. The plant consist of three operational NM-82 turbines of the Danish manufacturer NEG Micon with a total output of 4.5 MWp.

 

The commissioning of the plants took place as early as December 2004, which means that they have attractive feed-in tariffs and, thanks to the historical yield values available, a reliable forecast of future production is possible. “Once the current feed-in tariff expires, we expect to be able to use the sites for repowering so that we can continue to produce clean electricity at favorable conditions,” explains Arne Meyer, Head of Engineering at Pacifico.

 

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.

Pacifico expands its portfolio in Germany with the purchase of two more wind turbines. The two Vensys 77 turbines are located in the district of Schleswig-Flensburg in the federal state of Schleswig-Holstein and have a total output of 3 MWp.

 

As in previous acquisitions, the farm is made up of operating plants with ongoing feed-in tariffs in accordance with the German Renewable Energy Sources Act (EEG). The commissioning already took place in the fourth quarter of 2011, which enables a reliable earnings forecast based on historical data.

 

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.