Renewable energy company BayWa r.e. has sold two solar projects it is currently building in the UK.
The solar farms will have a total peak capacity of 110 MW and both are expected to be commissioned this year.
The Bracks solar project in Cambridgeshire, England, has been sold to UK Railway Pension Scheme, managed by Railpen, and marks the second cooperation between the two companies after the sale of Tralorg Wind Farm in 2019.
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Scurf Dyke near Hull, northeast England, a co-located solar project where a utility scale battery will be linked to a solar farm, has been sold to a fund managed by investment advisor and asset manager re:cap global investors.
BayWa r.e’s UK managing director John Milligan said: “Securing reliable and economic long term supply of domestically generated energy is more essential than ever in the face of the climate and energy crises.
“We are delighted to have brought these two sites to the point of being attractive investment opportunities.”
BayWa r.e experts gave us their predictions for 2023. Read them here
BayWa r.e. has entered into 20-year agreements to provide long-term O&M as well as commercial asset management services for both projects.
Benedikt Ortmann, Global Director of Solar Projects at BayWa r.e. said “identifying, developing and selling high quality renewable energy projects is the driving force behind BayWa r.e.’s fast global growth”.
In the recent UK Contracts for Difference (CfD) Allocation Round 4 process, BayWa r.e. secured CfDs for eight renewable energy projects, including Bracks and Scurf Dyke, totalling over 330 MW across onshore wind and solar.
BayWa r.e. UK’s total pipeline now stands at 2.4 GW.
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