BayWa offloads 35 MWp of German solar assets to Encavis АМ

Source: BayWa re renewable energy GmbH (www.baywa-re.com).

December 17 (Renewables Now) - Encavis Infrastructure Fund II, advised by Encavis Asset Management AG ( Encavis AM), has acquired five German solar farms with a total capacity of about 35 MWp from the renewables arm of German diversified group BayWa AG (ETR:BYW6).

BayWa r.e. said on Tuesday that the sale includes Barth III-VI projects, located on the premises of the Stralsund-Barth Airport, and the Seifertshofen solar farm between Ulm and Augsburg.

Details about the projects in the table below:

Project Output in MWp Commissioned in
Barth III 9.9 February 2017
Barth IV 9.2 September 2019
Barth V 8.8 October 2019
Barth VI 0.75 September 2019
Seifertshofen 6.5 August 2019

All projects, except Barth V, are subsidised under the German Renewable Energy Sources Act (EEG). Barth V is one of the first subsidy-free solar farms in Germany and at present the biggest subsidy-free operational solar park in the country, BayWa said. It sells the electricity it produces through BayWa r.e.'s energy trading unit, Clean Energy Sourcing GmbH, under a five-year power purchase agreement. 
"Today, we are able to prove that subsidy-free solar electricity generation is competitive in Germany. We experienced a great interest from potential commercial and industrial electricity consumers, as well as from investors, and we are delighted to partner with Encavis," said Matthias Taft of Baywa's board of directors.

Encavis Am is part of German solar and wind park operator Encavis AG (ETR:CAP).

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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