MUNICH, April 2, 2015 /PRNewswire/ --
BayWa r.e. has successfully brought four more solar farms online in England. The plants have a combined output of 85 MW and are located near Northampton, Aylesbury, Oxford and Reading.
Construction of all four plants was achieved by BayWa r.e. in just twelve weeks. The company's in-house system design meets the most demanding standards in terms of optimised installation, subsequent maintenance efficiency and high component quality. Commissioning of the solar farms, which took place according to schedule in March, enables the projects to be accredited under the RO (Renewables Obligation) scheme in the UK. BayWa r.e. financed the four projects itself and will now look for institutional investment partners to take on the long term ownership of the assets.
"These four plants offer our business partners attractive investment opportunities and our usual high quality standards assure them of correspondingly high output levels. Alongside wind farm projects and trading in solar components, our solar project management business makes a significant contribution to our commercial success in the UK. We want to see another 80 to 100 MW installed there by the end of the year," explained Matthias Taft, Managing Director of BayWa r.e. and member of the BayWa AG board representing the energy division.Through the technical and commercial operations management that it also provides, BayWa r.e. currently manages 360 MW of wind and solar farms in the UK.
The UK is one of the core markets for BayWa r.e.'s renewable energy business. To date, the company has built solar and wind farms in the UK with a total output of over 230 MW. The majority of the assets constructed and commissioned so far have been sold on to investors. Further projects are still at the engineering or construction stage. The company also continues to seek consented opportunities to construct and operate.
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. BayWa r.e. was founded in 2009 and is based in Munich. It acts as a holding company for various business interests in the areas of solar energy, wind power, bio-energy and geothermal energy.
BayWa r.e.'s business activities range from project development and realisation to PV trade and consultation services. The company covers the entire spectrum of technical plant support services, including maintenance. It can also undertake the commercial operations management of plants. The range of services further includes energy trading of electricity from renewable sources, trading in biomethane, as well as the sale of green electricity and eco gas to private and commercial customers. The company has an international focus with its core markets in Europe and the USA.
BayWa AG, also based in Munich, is a listed trading company with an international focus. Core business sectors include agriculture, energy and construction.
BayWa r.e. renewable energy GmbH
SOURCE BayWa r.e. renewable energy GmbH