BayWa r.e. sells 28-MW Speckberg Wind Farm
BayWa r.e. renewable energy GmbH(BayWa r.e.) has sold Speckberg Wind Farm in Saxony-Anhalt, Germany, to an infrastructure fund with an investment volume of around EUR 500 million, which is managed by B Capital Partners for an institutional investor.
The total installed output of the wind farm with its 14 wind turbines is 28 megawatts (MW). BayWa r.e. was responsible for both the development and turnkey construction of the wind farm, and will continue to manage its economical and technical operations.
BayWa r.e. renewable energy GmbH, a 100% subsidiary of BayWa AG (Munich), is responsible for BayWa group’s renewable energy business. BayWa r.e. was founded in 2009 and acts as a holding company for various business interests in the areas of solar, wind energy, bio-energy and geothermal energy. BayWa r.e.’s business activities range from project development and realisation to retail and consulting services. In the services sector, BayWa r.e. covers the entire spectrum of technical plant support. If desired, it can also undertake the commercial and technical operations management of plants. The company has an international focus with its core markets in Europe and the USA. BayWa AG is a trading company operating on an international platform. Its main business sectors are agriculture, construction material and energy. Shares in the company are traded on the MDAX exchange (German Mid-Cap Index).