BayWa r.e. sold Tarquinia s plant to RE Infrastructure Opportunities

Tarquinia, Lazio, 22 January 2025 – BayWa r.e., a global leader in the renewable energy sector, has announced the sale of the Tarquinia solar park to RE Infrastructure Opportunities Holding S.à r.l., a company managed by re:cap global investors.

Consisting of 94,388 solar panels, the power plant is located in an industrial area in Tarquinia (VT) and is connected to a substation in Civitavecchia. It began operating in August 2024. It has the capacity to produce enough energy to meet the needs of over 35,000 households, thereby contributing to the country's energy transition.

There was significant interest from numerous national and international investors during the sale process, reflecting the favourable conditions of the Italian market and the asset's attractiveness.

BayWa r.e. will continue to manage the Tarquinia solar park, having signed several key agreements with the buyer, including operation and maintenance contracts for the photovoltaic plant and substation, a commercial management agreement for an initial two-year period, and a direct marketing agreement with a fixed price and pay-as-produced Power Purchase Agreement (PPA) for calendar year 2025.

Alessandra Toschi, Managin Director of BayWa r.e. Italia, said: 'The sale of the Tarquinia solar park marks the completion of an ambitious project whose construction began in June 2023. It demonstrates our commitment to becoming a leading player in achieving national targets for energy production from renewable sources while safeguarding the environmental and cultural characteristics of the area. Through targeted interventions, we have ensured the protection of biodiversity and the enhancement of the landscape at every stage of the project. Furthermore, the project demonstrates the care and excellence we put into designing, developing and constructing our projects. With re:cap, we have once again found a good partner for the Tarquinia solar park.'

Thomas Seibel, CEO of re:cap, comments on the investment: 'With this transaction, we are acquiring a profitable project that will further diversify the portfolio of our RE Infrastructure Opportunities fund. Italy offers excellent conditions for solar projects, and thanks to the 20-year CfD remuneration, our investors will benefit from guaranteed income streams. I am delighted that we are working with BayWa r.e. once again on the acquisition of the Tarquinia project. We have successfully completed several projects together in recent years and maintain a trusting partnership.'