BayWa r.e., a leading global renewable energy developer, service supplier, wholesaler and energy solutions provider, has sold its remaining portfolio of UK solar farms, totalling 75MW, to Greencoat Solar II LP, managed by Greencoat Capital.
Munich, 27 November 2017: BayWa r.e., a leading global renewable energy developer, service supplier, wholesaler and energy solutions provider, has sold its remaining portfolio of UK solar farms, totalling 75MW, to Greencoat Solar II LP, managed by Greencoat Capital.
In all cases, BayWa r.e. will continue to provide ongoing expert operations and maintenance services to ensure maximum availability and yield optimisation of the plants.
"We are extremely pleased to see our well-established relationship with Greencoat continue with the sale of these solar farms". Comments Matthias Taft, Board Member of BayWa AG, responsible for the energy business. "We have established a highly desirable reputation for acquiring and developing some of the most successful renewable energy projects in Europe and through our operation and maintenance teams, ensuring they continue to operate at peak efficiency. This makes us attractive to developers looking to partner and investors looking to acquire."
This sale follows the acquisition by Greencoat UK Wind PLC, also managed by Greencoat Capital, of BayWa r.e's 16.4MW Bishopthorpe windfarm in July this year, which itself followed previous sales of solar and wind farms to Greencoat as part of the company's growing portfolio of renewable energy assets.
Matthias Taft adds: "While this sale is of our remaining UK portfolio of solar projects, we remain very active in the UK market through our growing solar operations maintenance business, based in Milton Keynes, which has seen significant growth this year. And our wind project and operations management business based in Edinburgh."
BayWa r.e. renewable energy GmbH (BayWa r.e.):
As a full subsidiary of BayWa AG, BayWa r.e. renewable energy GmbH groups together the activities of the solar energy, wind energy, bioenergy and geothermal energy business units. With headquarters in Munich, BayWa r.e. is active worldwide. As a full service partner with around 1,000 employees and more than 25 years of market experience, BayWa r.e. provides consulting services and develops, implements and manages projects in the area of renewable energies. The company also covers plant operation and maintenance. Other business activities encompass photovoltaic component trade and the purchase and marketing of energy from renewable sources.