Power Clouds Inc. (OTCPK:PWCL) acquired seven solar photovoltaic projects in Germany for €3.7 million on June 21, 2018. The total acquisition price is €3.7 million of which €2.6 million is being provided in senior debt from a leading German bank. The remaining acquisition cost of €1.1 is being provided in cash by Power Clouds under a loan agreement signed with Inmost Partners LLC as part of a larger $20 million (€17.2 million) facility being made available to Power Clouds for the transaction and future growth in Germany. Power Clouds has drawn an initial amount of €0.96 million that has already been placed in escrow with the seller and will be released in line with the completion of each project. The acquisitions will be immediately accretive to Power Clouds’ financial results and cash flows with overall annual corporate revenue set to increase by approximately 15% from 2017 results. Power Clouds Inc. (OTCPK:PWCL) completed the acquisition of seven solar photovoltaic projects in Germany on June 21, 2018.