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PACIFICO RENEWABLES YIELD AG

(PRY)
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PRESS RELEASE : Pacifico Renewables Yield AG secures operational 7.6 MW solar park via contribution in kind and gains experienced project developer as strategic shareholder

07/02/2021 | 01:02am EDT
DGAP-News: Pacifico Renewables Yield AG / Key word(s): Capital Increase/Change in Forecast 
Pacifico Renewables Yield AG secures operational 7.6 MW solar park via contribution in kind and gains experienced 
project developer as strategic shareholder 
2021-07-02 / 07:00 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
 
Pacifico Renewables Yield AG secures operational 7.6 MW solar park via contribution in kind and gains experienced 
project developer as strategic shareholder 
- 7.6 MW solar park in Germany secured with 12 years of EEG feed-in tariff 
- Portfolio grows by a further 8% to 104 MW 
- Pioneers of the German solar industry become strategic shareholders 
- Long-term cooperation planned - additional partnership with project developer 
- Increase in guidance for the fiscal year 2021 
Gruenwald, July 2, 2021 - Pacifico Renewables Yield AG (ISIN: DE000A2YN371) (the "Company"), an independent producer of 
electricity from renewable sources, has announced a capital increase against contribution in kind using authorized 
capital. Through the contribution in kind, the Company aims to acquire an operational solar park in Brandenburg with a 
total installed capacity of 7.6 MW. The solar park located in Vossberg near Letschin in Brandenburg, Germany consists 
of two sections, which were commissioned in 2012 and 2013, respectively. The Company benefits from a legally guaranteed 
feed-in tariff for a period of 12 years, with an economic transition date of January 1, 2021. The previous owner is 
granted a buy-back option as of December 31, 2032, which was taken into account in the valuation and corresponds to the 
date of the end of the EEG feed-in tariff for the larger park section. Weighted by the expected production of the two 
sections, net revenues of approximately EUR0.13 per kWh are expected. The expected annual electricity production of the 
entire plant is about 7.6 GWh, and total annual revenues of about EUR0.9 million are expected. 
For the contribution in kind, the Company will issue 73,000 new shares at an issue price of EUR34.77 per share. 
This is expected to increase the Company's portfolio to 104 MW. Together with the acquisition of a turnkey 15.6 MW wind 
project in Germany in the first quarter of 2021, the Company has thus expanded its portfolio by 29% since the beginning 
of the year. 
Dr. Martin Siddiqui, Co-CEO: "With this transaction, we are continuing our steady growth path and further expand our 
portfolio in our home market of Germany to now 73 MW. The buy-back option at the end of the feed-in tariff guarantees a 
maximally stable and predictable profile, as we will only generate EEG-secured income. By carrying out the transaction 
by means of a capital increase through a contribution in kind, we have made use of this instrument for the first time, 
which is also an interesting option for the future, and have once again demonstrated that we can finance our growth in 
an efficient and targeted manner." 
Strategic shareholder and long-term partner for project development gained 
The contributing company is backed by Markus and Andreas Wirth, the two managing shareholders of WIRTH GRUPPE. Together 
with their team, the Wirth brothers have developed and built solar plants internationally with an installed capacity of 
more than 2 GW, as well as large battery storage systems. In them, the Company wins two pioneers of the German solar 
industry as strategic shareholders^[1]. As part of the transaction, the Wirth brothers have committed to a two-year 
lock-up of the shares^[2] 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 EUR18.6 million 
to EUR20.0 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 Düsseldorf 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. 
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. 
=---------------------------------------------------------------------------------------------------------------------- 
2021-07-02 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, Gebäude 49 
              82031 Grünwald 
              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 
=------------ 

1214634 2021-07-02

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1214634&application_name=news 
 

(END) Dow Jones Newswires

July 02, 2021 01:01 ET (05:01 GMT)

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Financials
Sales 2021 21,4 M 25,1 M 25,1 M
Net income 2021 1,38 M 1,61 M 1,61 M
Net Debt 2021 135 M 158 M 158 M
P/E ratio 2021 47,7x
Yield 2021 -
Capitalization 96,3 M 113 M 113 M
EV / Sales 2021 10,8x
EV / Sales 2022 8,06x
Nbr of Employees 9
Free-Float 100%
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Number of Analysts 1
Last Close Price 29,10 €
Average target price 44,00 €
Spread / Average Target 51,2%
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Managers and Directors
Martin Siddiqui Co-Chief Executive Officer
Christoph Strasser Co-Chief Executive Officer
David Neuhoff Chairman-Supervisory Board
Bettina Mittermeier Vice Chairman-Supervisory Board
Verena Mohaupt Member-Supervisory Board
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