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BayWa r.e. sells three solar plants with a 115MWp capacity in Spain

BayWa r.e. has sold three solar plants with a total capacity of 115MWp in Spain.

The company’s renewables division sold the plants to L&G NTR Clean Power Fund.

It has been informed that out of three, two of the PV projects will be located in the Castilla la Mancha region, while the third project is located in the Andalusia region.

BayWa r.e. global director of solar projects Dr Benedikt Ortmann was quoted in a statement, "We are pleased to complete the sale of this high-quality project portfolio to the L&G NTR Clean Power Fund. Such an investment in clean energy infrastructure accelerates the development of new renewable installations and thus plays an important role in achieving vital climate goals.”

He further stated that the company has been operating for more than 10 years in Spain, adding that the solar projects have been built without any subsidies. It has already installed 500MW of wind and solar capacity in Spain.

According to the company, the latest projects each have long-term PPAs with Nestlé, Huhtamaki, and Spanish renewable energy provider Holaluz.

The company has a project portfolio of over 2GW, including one of the largest PV portfolios in the Spanish market.

Meanwhile, NTR chief investment officer Anthony Doherty, commented, "Spain is the third largest European solar generator in the European Union with ambitious plans to grow installed capacity. We are delighted to enter that market through the continuation of a strong relationship with BayWa r.e.”


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