Renewable energy developer BayWa re has sold two of its UK solar farms to Capital Dynamics, an independent global asset management company.
The sale includes the 49.9MW Clump Farm solar power station in Leicester and the 40MW Yanel development in North Somerset. Both were developed in a joint venture with Grüne Energien Solar and both projects have a building permit.
Although Baywa re operates as an independent power producer (IPP), it is part of its business model to develop projects before they are delivered. Baywa COO Daniel Gaefke said the sales of Clump Farm and Yanel Solar Farm “build on a series of successful project sales in recent months, underscoring the strength of our development strategy.”
This is notable at a time when other renewable energy companies in the UK are selling off projects they would otherwise have completed due to the time pressure that the reshuffling of grid connection queues has created.
The company is recent sale of a duo of solar PV projects in Spain was covered by our sister site, PV technology.
Baywa has this year received its first Development Consent Order (DCO) for a UK Nationally Important Infrastructure Project (NSIP) with its 162.3 MW solar plus 37.5 MW energy storage project, Oaklands Farm solar energy.
It also received approval for what it called its largest European battery energy storage project, the 500MW Redshaw Battery Energy Storage System (BESS) in South Lanarkshire, Scotland.
