Home Business & Finance BayWa r.e. sells three UK solar farms with a total capacity of 30 MW to Greencoat Solar
BayWa r.e. sells three UK solar farms with a total capacity of 30 MW to Greencoat Solar

BayWa r.e. sells three UK solar farms with a total capacity of 30 MW to Greencoat Solar

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BayWa r.e. has sold three of its UK solar farms with a total capacity of 30 MW to Greencoat Solar I LP, a newly established vehicle managed by Greencoat Capital.

The projects are located in south Wales, Cornwall and Kent. BayWa r.e. will continue to be responsible for the technical and commercial operations management.

After commissioning the solar farms in March 2016, BayWa r.e. recently concluded long term power purchase agreements with energy trading company Neas Energy, thereby increasing the commercial appeal of the assets. Matthias Taft: “We are very pleased with the successful conclusion of the sale. We have enjoyed a close collaborative relationship with Greencoat for some time now and are looking forward to continuing to do so in the future.” In December 2015 BayWa r.e. sold Stroupster wind farm in Scotland, comprising 30MW capacity, to Greencoat UK Wind PLC, also managed by Greencoat Capital.

In total, the three solar farms provide enough power for approximately 9600 households. The company’s proprietary system design for the solar farms meets the most demanding standards in terms of optimised installation, efficient maintenance and consistently high output. In 2016, BayWa r.e. completed solar projects with a total capacity of around 130 MW in the UK. The implementation of a further 70 MW is planned for 2017. BayWa r.e. has a continued interest in acquiring projects below five megawatts from local UK developers, focussing in particular on Northern Ireland.

Source:baywa-re

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Anand Gupta Editor - EQ Int'l Media Network

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