Renewable energy developer, BayWa r.e., has sold its remaining portfolio of UK solar farms totaling 75 MW, to Greencoat Solar II LP, managed by Greencoat Capital.
The portfolio includes the 45MW Bann Road solar farm. The 194-acre facility provides power for close to 14,000 homes. It is the largest solar project developed in Ireland in 2017, and is the largest ever solar farm developed on the island.
The company also has a power purchase agreement in place with SSE Airtricity which will provide the utility with the offtake of the renewable energy generated at the Bann Road facility for 15 years.
The company’s portfolio also includes six solar farms spread across England and Wales for a total of 30 MW.
In all cases, BayWa r.e. will continue to provide ongoing operations and maintenance services to ensure maximum availability and yield optimization of the plants.
Matthias Taft, Board Member of BayWa AG, responsible for the energy business, said, “We are extremely pleased to see our well-established relationship with Greencoat continue with the sale of these solar farms. We have established a highly desirable reputation for acquiring and developing some of the most successful renewable energy projects in Europe and through our operation and maintenance teams, ensuring they continue to operate at peak efficiency.”
This sale follows the acquisition of BayWa r.e’s 16.4 MW Bishopthorpe windfarm by Greencoat UK Wind PLC in July 2017.
“While this sale is of our remaining UK portfolio of solar projects, we remain very active in the UK market through our growing solar operations maintenance business, based in Milton Keynes, which has seen significant growth this year. And our wind project and operations management business based in Edinburgh,” concluded Taft.