This rapid growth is a direct result of BayWa r.e.’s ability to leverage its significant financial and operating capabilities to move quickly and decisively to support project development.
Irvine/Munich, 26 June, 2015: BayWa r.e. announced it has completed the construction of approximately 7MW in North Carolina with an additional 5MW under construction in North Carolina and California. These solar farms represent the first conversions of its growing pipeline of projects under control in the Americas, including over 41MW in the US and 34MW in Latin America.
Matthias Taft, CEO of BayWa r.e. and a Board Member of BayWa AG for the energy sector, stated, "We are pleased to announce the successful construction of our first two solar farms in the US since BayWa r.e.'s step into the solar project business in the Americas last year. Our US team continues to bring novel thinking to development and adapting to the ever-changing market dynamics to create winning strategies for our investors." Jam Attari, CEO of BayWa r.e.'s PV business in the Americas, adds, "Since our launch in July of 2014, we have moved quickly to build our portfolio and now have more than a dozen projects under control and tracking to plan. We remain committed to extending our global sustainability platform in the Americas and driving job opportunities in the local markets."
This rapid growth is a direct result of BayWa r.e.'s ability to leverage its significant financial and operating capabilities to move quickly and decisively to support project development. This best in class approach eases the burden on development partners, expedites commercialization and enhances returns. BayWa r.e.'s team of project development experts carefully plan and manage every detail to ensure that each project delivers above market returns for its investors.
BayWa r.e.'s US solar project headquarters is located at 17901 Von Karman Avenue, Suite 1050, Irvine, CA 92614. For more information on project development, financing services or other project support services call 949.398.3915 or visit http://us.baywa-re.com
Apart from the solar project business, the activities of BayWa r.e. in the US comprises wind project development and solar distribution with subsidiaries in San Diego, California (wind business) and Santa Fe, New Mexico (solar distribution business).
BayWa r.e. renewable energy GmbH (BayWa r.e.):
BayWa r.e. renewable energy GmbH, a wholly owned subsidiary of BayWa AG, is responsible for the BayWa group's renewable energy business. Founded in 2009 and based in Munich, BayWa r.e. acts as a holding company for various business interests in the areas of solar, wind energy, bio-energy and geothermal energy.
BayWa r.e.'s business activities range from project development and realization to PV trade and consulting services. The company covers the entire spectrum of a professional technical plant support service, including maintenance. Further services of BayWa r.e. include: the commercial operations management of plants, the trading of renewable energy power, trading in biomethane, as well as the sale of eco power and eco gas to both private and commercial customers. The company has an international focus with its core markets in Europe and the USA.