Pacifico Renewables Yield AG (DUSE:PRY) signed a purchase agreement to acquire eight operational photovoltaic plants in Germany for an enterprise value of €36.8 million on March 12, 2020. The plants have an installed capacity of 21.2 MW. The enterprise value of the portfolio including long-term project-related financing amounts to €36.8 million. Completion of the transaction is subject to customary closing conditions and is expected for beginning of May 2020. As of mid-2020, asset management services will be taken over by Pacifico Energy Partners GmbH, who also acted as broker on this transaction. Martin Dressel, Martin Hamer, Martin Borning and Josef Hofschroer of Greenberg Traurig Germany, LLP acted as legal advisor to Pacifico Renewables Yield AG. Pacifico Renewables Yield AG (DUSE:PRY) completed the acquisition of eight operational photovoltaic plants in Germany on May 15, 2020. The proceeds from private placement of €17.5 million is used to finance the transaction.