Pacifico Renewables agrees to divest from Czech Republic
Date
July 14, 2022
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
Czech Republic
Subsectors
Solar
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Pacifico Renewables Yield AG has signed agreements to dispose of its Czech portfolio comprising four solar photovoltaic parks with a total installed capacity of 7.5 MW.
The company disposed of its Czech solar park portfolio at an enterprise value of approximately EUR20 million (US$20.16 million). The proceeds from the disposal are intended to enable the acquisition of the first projects in the UK and potentially enter the battery storage market.
