BayWa’s renewables arm has sold three wind projects in Germany with a total capacity of 56MW.
The sales comprise the Beckum (North Rhine-Westphalia), Jembke (Lower Saxony) and Reichenbach (Rhineland-Palatinate) sites.
The deals include the project rights for Beckum, as well as project rights and EPC contracts for the two other schemes.
Beckum’s construction is set to start in fourth quarter 2024.
It will have four turbines with a capacity of 21.9MW.
BayWa r.e. sold the project rights to EEF, a German project developer.
Jembke is being built by BayWa r.e. under an EPC contract and will host three turbines with a total capacity of 15.3MW.
BayWa r.e. sold the project to German wind developer, investor and service-provider ENOVA Value.
Reichenbach (pictured) is being built by BayWa r.e. under an EPC contract and is planned to be commissioned in November 2024.
It consists of three turbines with a total capacity of about 18.6MW.
BayWa r.e. sold the project to German investment and asset manager KGAL.
The developer said it is not only committed to advancing the energy transition, but also ensuring local communities are financially benefiting from the wind parks, as well as protecting and fostering biodiversity.
To minimise the environmental impact, the company will implement compensatory measures, such as improving habitat conditions for birds and bats in areas away from planned and existing wind turbines.
BayWa r.e. Wind managing director Andreas Hornig said: “We are delighted with these successful sales and proud to contribute to the German energy transition.
“The wind market in Germany remains highly attractive, with a lot of momentum and an increasingly positive outlook for expansion.”
BayWa r.e chief executive Matthias Taft said: “Following the recent selling of more than 220MWp in the UK, we are pleased to announce yet another series of high-quality deals.
“Thanks to the remarkable commitment and dedication of the transaction and projects team, all of them have closed as planned and on schedule.
“We look forward to building on this momentum, as we expect more sales globally until the end of the year, particularly in Germany, France, the UK, the Netherlands and the United States.”