BayWa r.e. and L&G NTR Clean Power Fund Partner to Expand Renewable Energy Infrastructure in Spain

BayWa r.e., a developer of renewable energy solutions, has sold three solar plants with a combined capacity of 115 megawatts to L&G NTR Clean Power Fund. The two plants, located in the Castilla la Mancha region, and the third consisting of two installations in Granada and Andalusia region, both have long-term contracts with Nestlé, Huhtamaki and Holaluz respectively. BayWa r.e.’s Dr Benedikt Ortmann commented on the sale: “We’re pleased to be able to complete the sale of this high-quality portfolio to the L&G NTR Clean Power Fund. It’s incredibly important that investments are made in clean energy infrastructure which will help reach significant climate goals”. Anthony Doherty from NTR added that “Spain is an exciting market with big plans to grow installed solar capacity and we’re happy to have entered it through our continued relationship with BayWa r.e. This deal comes on top of other recent transactions from BayWa involving over 130MW of wind and solar power in France, the UK, and Germany.

Summary

• BayWa r.e. has already installed 500MW of wind and solar capacity in Spain, signed 790MW in PPAs there, and has a project portfolio of over 2GW.
• The projects each have long-term PPAs in place, with Nestlé, global provider of sustainable packaging solutions Huhtamaki, and Spanish renewable energy provider Holaluz.
• This sale follows other recent transactions of BayWa r.e. of more than 130MW of wind and solar capacity in France, the UK and Germany.

What is the total amount of solar capacity installed by BayWa r.e. in Spain?

BayWa r.e. has already installed 500MW of wind and solar capacity in Spain.

You might also like this article: Rückgang bei Baugenehmigungen: Investitionsanreize notwendig, um Ziel von 400.000 Wohnungen pro Jahr zu erreichen.
Picture source: Sam Williams