BayWa buys Forsa Energy's 350-MW UK onshore wind platform

The renewables arm of German diversified group BayWa AG (ETR:BYW6) announced today it has taken over the UK renewable energy business of Forsa Energy Ltd, including a 350-MW pipeline of Scottish onshore wind projects.

The transaction gives BayWa re renewable energy GmbH access to six consented wind projects totalling 200 MW and a further 150 MW awaiting approval by 2020, as well as to Forsa Energy’s onshore wind development and construction team.

BayWa said that construction work on the 24-MW Inverclyde wind project is now underway. In addition to the acquired pipeline, the company has 823 MW of solar and 1,047 MW of wind power already under management within the UK and Ireland.

“With this investment, we plan to continue to grow and invest in subsidy free markets by identifying good wind resource opportunities. This acquisition will allow us to undertake more greenfield development, helping us to further expand our presence in the UK and Irish market,” said Gordon MacDougall, managing director of BayWa re UK Limited.

In addition to onshore wind, Forsa Energy has been developing a flexible gas power portfolio in the UK. The company is backed by Riverstone Holdings LLC.

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