BayWa r.e. signed O&M contracts with funds managed by Schroders Greencoat LLP for their solar assets

BayWa r.e. has signed a series of long-term operations and maintenance (O&M) contracts with funds managed by Schroders Greencoat LLP for their solar portfolios.

These new agreements will see BayWa r.e. take on a total of 16 photovoltaic (PV) sites with a total capacity of 265MWp – enough energy to power over 68,000 homes.

As part of the agreement, BayWa r.e. will provide a range of preventative and corrective O&M services, in line with Schroders Greencoat’s standards to ensure solar assets operate at peak efficiency.

Morgan Harris, managing director of BayWa r.e. Operation Services Limited said: “We’re delighted to continue the operation and management of Schroders Greencoat’s solar portfolio. Through our long-term partnership we recognise in them our own commitment to the green energy transition. This agreement represents a huge amount of efficient green energy production and signifies a major step towards the UK ending its reliance on fossil fuels.”

Lee Moscovitch, partner at Schroders Greencoat commented: “Schroders Greencoat prioritises stable and reliable working relationships with our contracted O&M providers which we view as an essential component in delivering on the inflation-linked income that our products are designed to deliver. This collaboration is no exception.”