BayWa r.e. sells UK solar farm to Allianz Global Investors
BayWa r.e. has successfully sold Great Glemham solar farm in the UK to the financial investment company Allianz Global Investors. The 19.5 MWp facility was constructed by BayWa r.e. last autumn. It is one of five free-standing plants that the company has planned and built in the UK.
Matthias Taft, Chairman of the Management Board of BayWa r.e., is pleased with the outcome: "After the successful sale of our wind farm we have now proven to the UK market that we are a reliable, expert partner in the photovoltaic sector. The professional realisation of the Great Glemham plant and our strong network within the industry enabled us to secure a long-term power purchase contract. This was an important prerequisite that made the project an attractive investment, both for the financing bank and for Allianz Global Investors".
BayWa r.e. and Allianz Global Investors are already working on further projects following the sale of Great Glemham.
About BayWa r.e. renewable energy GmbH:
BayWa r.e. renewable energy GmbH, a wholly owned subsidiary of BayWa AG, is responsible for 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, wind energy, bio-energy and geothermal energy.
BayWa r.e.’s business activities range from project development and realisation to PV trade and consulting services. The company covers the entire spectrum of a professional technical plant support service, including maintenance. It can also undertake the commercial operations management of plants. The range of services also includes trading of renewable energy power, trading in biomethane as well as the sale of eco power 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 (Munich) is a listed trading company operating on an international platform. Its main business sectors are agriculture, energy and building materials.