Munich, 7 October 2016: BayWa r.e. has been able to secure five power
purchase agreements (PPAs) for solar parks in southern England and Wales. At
the end of September, the company signed the long term PPAs, which allow for
the sale of power generated for a period of 15 years. The contractual
partner is the energy trading company Neas Energy.
Matthias Taft, Board Member of BayWa AG, responsible for the energy
business, is convinced that such long-term PPAs play an important role in
the future: “With our international projects, we are making the most of
various market tools to promote renewable energies. For example, altogether
we have been able to conclude PPAs in the UK for PV plants with a total
output of 270 MW. This allows us once again to demonstrate how quickly and
flexibly we are able to respond to changing market conditions. This not only
strengthens our profile as a full service provider, but also makes our
assets more attractive.”
All five solar parks with a total capacity of 83 MWp have achieved 1.3 ROC
accreditation (Renewables Obligation Certificates). BayWa r.e. pre- financed
the projects itself and has been managing the technical and commercial
operations of the plants since their turnkey construction and commissioning
in March 2016. The company plans to sell the solar parks by the end of 2016.
“Interest in our plants from institutional investors confirms the success of
our activities in the British market, despite the new and challenging
conditions,” Matthias Taft explained. “Further projects in the UK and
Ireland are currently at the planning stage.”
BayWa r.e. renewable energy GmbH (BayWa r.e.):
BayWa r.e. renewable energy GmbH is a wholly-owned subsidiary of BayWa AG
and combines the activities of the solar, wind, bio- and geothermal energy
business sectors. Based in Munich, BayWa r.e. is trading globally. The
company is a “full-service-partner”, employing around 950 and drawing on
more than 25 years of experience in the market. Today, BayWa r.e. develops,
realises, consults on and supports renewable energy projects. In addition,
the company operates and maintains renewable energy plants on behalf of
third party investors that include landowners, pension funds and utilities.
Further business activities include wholesaling PV components, as well as
purchasing and trading in green energy.
BayWa r.e.s parent company, BayWa AG, is an international trading and
service enterprise with core areas of business in the agriculture, energy
and construction sectors.
BayWa r.e. renewable energy GmbH
Telephone: +49 (0)89-383932-5817
BayWa r.e. renewable energy GmbH
Herzog-Heinrich-Strasse 9 | 80336 Munich, Germany
T +49 89 383932-5817
F +49 89 383932-32
Managing Director: Matthias Taft (CEO), Günter Haug, Harald Wilbert
Registered Office: Munich
Court of Registration: Munich, HRB 160344
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