Pacifico buys 51.8 MW onshore wind project in Poland

Germany-based renewable energy producer Pacifico Renewables Yield AG has agreed to purchase three onshore wind farms with a total capacity of 51.8 MW in Poland as it seeks to expand its portfolio to 400 MW by 2023.

Pacifico bought the farms based on a cash-free enterprise value of some EUR 104 million from its partner Pacifico Energy Partners GmbH which was in charge of the development, the German company said.

“This acquisition is not only about growth, but also shows our commitment to grow our portfolio with assets that add to the geographical diversification of our portfolio, benefit from contracted revenues but also provide additional upside,” said co-chief executive Martin Siddiqui.

The deal marks the third acquisition for Pacifico so far this year and boosts the capacity added in 2021 to 75 MW.

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