Pacifico Renewables Yield AG (XTRA:PRY) signed a purchase agreement to acquire 14.1 MW solar park near Hernen in the Netherlands for an enterprise value of approximately €14.5 million on October 14, 2021. The ground-mounted solar park was developed by the Company’s strategic partner, Pacifico Energy Partners GmbH. At this valuation, the acquisition yields an estimated levered equity IRR of approximately 5%. The transaction is subject to customary closing conditions. As part of due diligence, the alignment of the project with the technical screening criteria, do not significant harm criteria and minimum social safeguards of the EU taxonomy. Closing is expected to take place in a timely manner and will be financed through reinvested cash flows from the Company’s operating portfolio and its revolving credit facility. A Dutch renewable energy advisory firm acted as fairness opinion provider to the supervisory board.