December 12 (Renewables Now) - BayWa re renewable energy GmbH has offloaded a 41.2-MWp solar park in France’s New Aquitaine region to Sonnedix Power Holdings Ltd and Allianz Global Investors for an undisclosed sum.
The renewables unit of German diversified group BayWa AG (ETR:BYW6) said on Wednesday that the divestment concerns its Lacs Medocains solar plant, which is split in four sections. France-based independent solar power producer Sonnedix purchased three of the sections with a combined capacity of 31.8 MWp, thus lifting its installed capacity at home to 189 MW. Allianz Renewable Energy Fund II (AREFII), part of Allianz Global Investors, meanwhile, took possession of the remaining 9.4 MWp.
Located near Bordeaux in the Gironde department, the solar farm was brought live last November and is expected to generate enough power for over 20,000 homes. Following the sale, Baywa re will continue to manage its operations.
Commenting on the French market, Benoit Roux, head of solar development and acquisition at BayWa re, said that the country presents “significant opportunities” as it aims to cut the share of nuclear energy to 50% by 2035 from the current 70%.