PRY was created in 2018 to separate the power generation business from wind and solar project developer Pacifico Energy Partners, which was founded in 2016. The company has been on the stock exchange since November 2019.
PRY sees itself as a German Yieldco – the model comes from the Anglo-Saxon region and means listed electricity producers with a high dividend payout. In order to minimize risks, Yieldcos typically separates the business of operating the plants from project development.
The investment company Pelion Green Future Alpha GmbH holds around 63 percent of PRY shares. Behind this are the German entrepreneurs Alexander Samwer and Jeremias Heinrich. The Samwer brothers are known for their use by Zalando and Rocket Internet.