BayWa r.e. has entered into further service contracts with asset and investment manager KGAL for the ongoing operation and maintenance of five solar plants in Spain.
The five solar plants are spread across Spain and include sites along the east coast and the southern west coast. As well as expanding BayWa r.e.’s solar service business in Spain, the contract win also builds on the successful partnership with KGAL in Europe.
Matthias Taft, Board Member of BayWa AG with responsibility for the energy business, sees this as positive news for the growth of BayWa r.e.’s service activities in Spain, which also highlights the value placed upon BayWa r.e.’s experience and expertise across international markets: “We are glad to announce the successful strengthening of our partnership with KGAL. BayWa r.e.’s global experience and expertise is of particular benefit for investors like KGAL who look for a long term business partner able to provide a consistent and high quality service across multiple international markets.”
BayWa r.e. now operates and maintains over 260 MW of wind and solar across Germany, France and Spain for KGAL. “We have a long standing relationship with BayWa r.e. across multiple renewable energy projects in Europe. BayWa r.e.’s international expertise and long term partnering approach means we benefit from a consistent and value add service wherever we are in the world, and we’re pleased to be working together on these five solar plants in Spain”: said Guy Friedgen, Head of Assetmanagement Infrastructure at KGAL Investment Management GmbH & Co KG.
At a global level, the BayWa r.e. group currently manages more than 2 GW of plant capacity in both wind and solar.