BayWa r.e. continues successful relationship with Innergex with sale of two further wind farms
Munich, 6 July 2017: BayWa r.e. has sold Eole de Plan Fleury and Les Renardières wind farms to Innergex Renewable Energy Inc., a developer, owner and operator of renewable energy projects, and Régime de rentes du Mouvement Desjardins, a Québec-based private pension plan. This follows the sale of the Montjean Theil-Rabier wind farm to the same partners last year and continues the successful relationship between the companies. BayWa r.e. will again retain the ongoing technical and commercial management of the plants. Closing of the transaction is expected during this summer.
The two windfarms, located in Champagne-Ardenne, have a combined output of 43 MW. Can Nalbantoglu, Managing Director of BayWa r.e. France SAS, with responsibility for the French wind project business, comments: “This second sale to Innergex and Régime de rentes du Mouvement Desjardins continues our successful relationship and the success of our business in France. For global investors in renewable energy, it’s essential their assets are well maintained and operate at peak efficiency. By using the latest turbine design technology, and through our ongoing technical and commercial management expertise, we’re able to ensure effective asset optimisation.”
Overall, BayWa r.e. has already erected and commissioned eight wind farms in France with a total installed capacity of 91 MW. The company also currently manages the technical and commercial management of wind and solar plants on the French market totalling 210 MW.
“Our business in France, across both wind and solar, continues to go from strength-to-strength”. Adds Matthias Taft, Board Member of BayWa AG, responsible for the energy business. “France is a key European market for us and the country’s commitment to generate increasing amounts of energy from renewable sources means our growth in both the commercial and domestic sectors looks set to continue.”
BayWa r.e. renewable energy GmbH (BayWa r.e.):
As a full subsidiary of BayWa AG, BayWa r.e. renewable energy GmbH groups together the activities of the solar energy, wind energy, bioenergy and geothermal energy business units. With headquarters in Munich, BayWa r.e. is active worldwide. As a full service partner with around 1,000 employees and more than 25 years of market experience, BayWa r.e. provides consulting services and develops, implements and manages projects in the area of renewable energies. The company also covers plant operation and maintenance. Other business activities encompass photovoltaic component trade and the purchase and marketing of energy from renewable sources.
BayWa r.e.’s French subsidiary is active in the solar and wind markets of the France. They focus on projects and O&M business.
Its parent company, BayWa AG, is an international trade and services company with the core segments of agriculture, energy and building materials.