German developer BayWa r.e. has revealed it expects to sell 450 MW of renewable generation assets in the U.S. and Europe by the end of 2018.
The company is a developer of wind, solar and biomass projects.
Assets it is expecting to sell include:
- Spain – 174.4 MW of solar
- U.S. – 140.9 MW of solar
- France – 51.5 MW of solar and wind
- Netherlands – 30.7 MW of solar
- U.K. – 28.4 MW of solar, wind and biomass
- Germany – 16.2MW of wind
- Croatia – 10MW of wind
The Spanish asset is the 174.4 MW Don Rodrigo solar plant. In a first installment it will sell 87.5%, and then the remainder once the project is commissioned in May 2019. This zero-subsidy project has a 15-year PPA with Statkraft, and NordLB provided a €100 million ($117 million) construction bridge financing in August.
On Nov. 8, BayWa said that over the first nine months of 2018 it has sold roughly 47 MW of renewable projects. In the first three quarters of 2017, it had sold 250 MW.
(A version of this article first appeared in IJGlobal).