DGAP-News: BayWa sells 175 MW solar park 'Don Rodrigo' to MEAGEQS
Im Artikel erwähnte Wertpapiere: BayWa N
DGAP-News: BayWa AG / Key word(s): Disposal
BayWa sells 175 MW solar park "Don Rodrigo" to MEAG
"With the scheduled sale of this solar power plant in the fourth quarter of 2018, BayWa r.e. has made an important contribution to the BayWa Group meeting its anticipated overall results for 2018," said a delighted Klaus Josef Lutz, member of the BayWa AG executive board.
"What is so special about this project is that we will generate green electricity at market prices without any kind of subsidies, a first in Europe. We are therefore entering a new phase where the energy turnaround is concerned: solar power is now cheaper to produce than conventional power," explains Matthias Taft, BayWa AG's senior energy executive. "The fact that the plant was completed without any delays or complications and its subsequent sale quickly followed are a major success for us. We are planning to generate subsidy-free solar power with similar projects in other southern European countries in the next few years in order to further drive the energy transition throughout Europe."
The power will in future be marketed through a 15-year Power Purchase Agreement (PPA) with the Norwegian energy company Statkraft. The BayWa r.e. service team will also be responsible for the ongoing technical operation of the plant. Following the sale of several solar farms in Great Britain to MEAG in 2014 and 2015, the sale of Don Rodrigo is the third successful collaboration with the asset management firm of Munich Re and ERGO.
BayWa r.e. renewable energy GmbH (BayWa r.e.):
Marion Danneboom, BayWa AG, Head of PR/Corporate Communications/Public Affairs,
tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 12-36 80,
28.12.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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