Pacifico Renewables Yield AG acquired a solar park under construction near Hernen, the Netherlands, with a total capacity of approximately 14.1 MW in October 2021. Construction of the solar park was completed on schedule in the first quarter of 2022 and final acceptance occurred this week. The entire solar park had already been producing electricity and benefiting from the Dutch government subsidy scheme (SDE+) since the beginning of February.

Similar to the German feed-in tariff, the Dutch subsidy regime allows participation in market prices for electricity which exceed the government-guaranteed subsidies.