BayWa r.e.opens 12-MW locally funded wind farm in France

Image from the Clos Neuf inauguration. Source: BayWa r.e. (www.baywa-re.com)

September 21 (Renewables Now) - German renewables company BayWa r.e. AG has inaugurated a 12-MW wind farm in France’s Brittany region, a project it realised thanks to local participation and citizen investors.

The Clos Neuf wind farm project benefited from a EUR-1-million (USD 950,500) investment from local and regional residents, which contributed EUR 500,000 as shareholders and another EUR 500,000 as bondholders. Other investors include financial institution Banque des Territoires and French renewables developer and consultancy Quenea, a partner of BayWa r.e. on the project.

Two-thirds of the investors live within a 10-kilometre (6.2 miles) radius from the wind farm, BayWa r.e. said.

Clos Neuf is a four turbine wind farm. It will generate around 26 GWh per year.

According to BayWa r.e., the citizen investors will remain involved beyond funding, serving as decision-makers in matters regarding the wind farm management during the operational phase.

(EUR 1.0 = 0.990)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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