Renewable energy project developer BayWa r.e. has revealed that it beat yesterday’s ROC deadline to connect four new solar farms in the UK.
The plants, located in Northampton, Aylesbury, Oxford and Reading, have a combined output of 85MW and the company said commissioning of them took place as scheduled in March.
Their construction was completed in approximately three months and BayWa r.e. said it was now looking for institutional investment partners to take on long-term ownership of the projects.
“Alongside wind farm projects and trading in solar components, our solar project management business makes a significant contribution to our commercial success in the UK,” said BayWa r.e. managing director Matthias Taft, adding that the company wanted to install another 80 to 100MW of solar projects by the end of the year.
BayWa r.e. manages 360MW of wind and solar projects in the UK, the majority of which have been sold to investors.
Earlier this month the developer sold three solar farms – Whitland South in Wales, Forest Heath in Cambridgeshire and Polmaugan in Cornwall – to the asset management arm of German reinsurance firm Munich Re for an undisclosed fee.