- Exclusive access to photovoltaic and battery storage assets in the United Kingdom
- Almost tripling Pacifico’s pipeline to more than 1.6 GW and further diversification
- Important milestone towards becoming a platform for project developers
London, Tuesday 16th March 2021 – Today, Pacifico Renewables Yield AG (ISIN: DE000A2YN371) (“Pacifico”), an independent renewable energy producer listed in the primary market segment of the open market of the Duesseldorf Stock Exchange, signed a Right of First Offer agreement with Boom Power Ltd and Boom Developments Ltd (“Boom Power”), a solar park and energy storage developer based in the United Kingdom. The partnership grants Pacifico priority access to Boom Power’s pipeline of currently more than 1 GW of utility scale photovoltaic and battery storage assets in the United Kingdom being developed by an experienced team of industry experts. Pacifico’s pipeline assets thus expands significantly from more than 600 MW to over 1.6 GW.
Christoph Strasser, Co-CEO of Pacifico: “With the Boom Power partnership, we have secured another strong pipeline for our dynamic growth over the next years. Moreover, we are laying the foundation to enter the UK photovoltaic market while, at the same time, giving us the opportunity to assess entering the battery storage market. With the UK’s ambitious net-zero greenhouse gas emissions target and current focus on offshore wind, solar and battery storage will play an increasingly important role as complementary technologies in the UK’s future power system.”
The partnership gives Pacifico priority access to planned utility-scale solar parks and battery storage assets across the United Kingdom of more than 1 GW. These assets supplement Pacifico’s pipeline which comprises renewable energy projects in Germany, Poland, the Netherlands, Italy and Spain. The first solar park being developed by Boom Power in the United Kingdom is expected to be connected to the grid in 2022.
