BayWa re Divests Two UK Onshore Wind Farms

October 4, 2013 by  
Filed under Solar Energy Tips

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MUNICH, Germany, October 4, 2013 /PRNewswire/ –

BayWa r.e. renewable energy GmbH (BayWa r.e.) has sold two operating onshore wind parks located in the south-east of England to Greencoat UK Wind PLC. The wind parks Earls Hall Farm (“EHF”) and Cotton Farm (“COT”) comprise 10.3 MW and 16.4 MW respectively. BayWa r.e. developed and constructed both projects in the role of project owner and EPC contractor and will remain involved with the operation of the wind farms in the capacity of technical operations manager.

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Matthias Taft, one the Managing Directors of BayWa r.e. stated that: We are delighted to have completed the sale of these two outstanding UK onshore wind farms to Greencoat UK Wind PLC, whilst remaining involved as technical operations manager. Our long-term commitment to our projects results in a dedication to quality and sustainability that has benefits for all stakeholders involved and we look forward to building a strong relationship with Greencoat going forward.”

The wind parks EHF and COT were acquired by BayWa r.e. from RWE npower in 2010 as part of a longer-term UK pipeline investment. BayWa r.e. remains committed to strengthening its foothold in the UK market and is currently working on the acquisition and implementation of further onshore wind projects.

About BayWa r.e. renewable energy GmbH:

BayWa r.e. renewable energy GmbH, a 100% subsidiary of BayWa AG (Munich), is responsible for BayWa group’s renewable energy business. BayWa r.e. was founded in 2009 and 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 realisation to retail and consulting services. The company covers the entire spectrum of technical plant support services. If desired, it can also undertake the commercial and technical operations management of plants. The company has an international focus with its core markets in Europe and the USA.

BayWa AG, Munich, is a listed trading company operating on an international platform. Its main business sectors are agriculture, construction material and energy.

SOURCE BayWa r.e. renewable energy GmbH

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