BayWa sells 115MW of Spanish solar plants
- L&G NTR Clean Power Fund have actually gotten the 3 projects in Castilla La Mancha and Andalusia
BayWa's renewables division has sold three solar plants with an overall capacity of 115MWp to L&G NTR Clean Power Fund, taken care of by Legal & General Investment Management (LGIM) as well as NTR.
2 of the PV projects will be positioned in the Castilla la Mancha area.
The third project includes 2 installments, which are located near Granada in the Andalusia region.
BayWa r.e. international director of solar projects Dr Benedikt Ortmann stated: "We delight in to finish the sale of this top quality project portfolio to the L&G NTR Clean Power Fund.
" Such an investment in clean power infrastructure speeds up the growth of new sustainable installments and hence plays a crucial role in achieving vital climate goals.
" In Spain, we have actually been running for more than 10 years, and throughout that time have been steadily increasing our project pipeline.
" Our solar projects in the country have been developed without any subsidies for a number of years now.
" We are expecting continuing to build upon this success tale in the future."
The projects each have long-lasting PPAs in position, with Nestlé, international carrier of sustainable packaging remedies Huhtamaki, and also Spanish renewable energy supplier Holaluz.
BayWa r.e. has actually already installed 500MW of wind and solar capacity in Spain, authorized 790MW in PPAs there, and has a project portfolio of over 2GW, consisting of among the largest PV portfolios in the Spanish market.
NTR principal investment police officer Anthony Doherty stated: "Spain is the third biggest European solar generator in the European Union with ambitious plans to expand mounted capacity.
" We are delighted to go into that market through the extension of a strong relationship with BayWa r.e., among the leading international renewables developers and also energy remedies carriers."
This sale follows various other current purchases of BayWa r.e. of greater than 130MW of wind and also solar capacity in France, the UK and Germany.