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BayWa may partner with small developers in German wind auctions

Wind farm in Germany. Author: Jason. License: Creative Commons. Attribution-NoDerivs 2.0 Generic

Feb 16 (Renewables Now) - Munich-based BayWa re renewable energy GmbH could team up with small developers in Germany’s upcoming onshore wind auctions.

“As well as tendering independently, we are also keen to partner with smaller developers; for who the auction system can seem daunting and to preclude. With our resource and financial backing, we can work collaboratively to strengthen their tenders,” Matthias Taff, board member of parent company BayWa AG (ETR:BYW6), said in a statement.

The amended German Renewable Energy Act (EEG) introducing the first wind auctions in the country took effect on January 1. The government plans to start with an 800-MW onshore wind tender in May, followed by two more auctions in August and November 2017.

Last week, BayWa re announced it has been awarded the rights to build the 48-MW San Lupo wind park in Campania, as well as the 10-MW Arlena and 8-MW Tesennano wind farms in Lazio in last year's renewable energy tender in Italy.

The company also said Wednesday it has won the right to build a 5-MW solar power plant in Perlis, Malaysia.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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