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PRY - Pacifico Renewables Yield AG News Story

€31.6 -0.7  -2.2%

Last Trade - 6:31pm

Sector
Utilities
Size
Small Cap
Market Cap £92.6m
Enterprise Value £134.3m
Revenue £12.0m
Position in Universe 737th / 1048

BRIEF-Pacifico Renewables Yield AG Signs Purchase Agreement For A 15.6 MW Turn-Key Wind Farm In Germany

Thu 5th November, 2020 10:29pm
Nov 5 (Reuters) - Pacifico Renewables Yield AG  PRYG.DE :
    * SIGNS PURCHASE AGREEMENT FOR A 15.6 MW TURN-KEY WIND FARM
IN
GERMANY
    * PARTIES AGREED ON AN ENTERPRISE VALUE OF EUR 35.0 MILLION,
INCLUDING SENIOR PROJECT FINANCING
    * WIND FARM IS CURRENTLY IN AN ADVANCED STAGE OF
CONSTRUCTION
    * WIND FARM WILL BENEFIT FROM A 20-YEAR STATUTORILY
DETERMINED
REMUNERATION OF EUR 79.3 PER MWH
    * ACQUISITION SHALL BE FULLY FINANCED FROM CO'S EXISTING
REVOLVING
CREDIT FACILITY, WHICH WILL BE UPSIZED IN CONTEXT OF DEAL
    * ONCE OPERATIONAL, INITIAL ELECTRICITY PRODUCTION EXPECTED
ABOUT
37 GWH P.A., RESULTING IN ANNUAL REVENUE OF ABOUT EUR 2.9
MILLION

Source text for Eikon:  ID:nPexRLpRNa 
Further company coverage:  PRYG.DE 

 ((Reuters.Briefs@thomsonreuters.com;))
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