German renewables firm BayWa r.e. AG has offered two photo voltaic tasks within the UK, offloading 110 MWp to 2 totally different entities for an undisclosed worth.
The Munich-based agency stated on Tuesday it had offered the 30-MWp Bracks photo voltaic mission in Cambridgeshire to Railpen, the supervisor of the UK Railway Pension Scheme. This transaction is the second deal for the pair, after BayWa r.e. sold the Tralorg wind farm in Scotland to Railpen again in 2019.
The 80-MWp Scurf Dyke mission close to Hull went to a fund managed by Swiss funding advisor and asset supervisor re:cap world traders. This photo voltaic farm shall be co-located with a utility-scale battery, BayWa r.e. stated.
Each tasks include a contract-for-difference (CfD), which BayWa r.e. secured within the UK’s CfD allocation round 4 in 2022.
BayWa r.e. is at present concerned in constructing Bracks and Scurf Dyke, and expects to fee the vegetation in 2023. The corporate additionally signed 20-year agreements to supply long-term operation and administration (O&M) companies for each tasks.
With the newest transactions behind, BayWa r.e.’s UK crew at present manages and operates over 2,000 MW of renewables, whereas its complete pipeline within the nation stands at 2,400 MW.