BayWa r.e. has sold the Homestead solar park to associated company CEE, making the Northamptonshire development the fourth solar project to be sold to the firm.
Located around ten miles south of Northampton, the project was completed last spring when it was connected to the grid under the ROC scheme. Ownership of the Homestead plant has now been transferred to its new owner, while BayWa r.e. will remain responsible for the technical operations and management of the 17.7MWp site.
Matthias Taft, board member of BayWa AG, responsible for the energy business, said: “With the sale of the fourth PV project to CEE, we are continuing our successful collaboration with this company.”
Detlef Schreiber, chief executive of CEE, added: “Together with BayWa r.e, CEE has been able to expand its PV portfolio in Great Britain to 60MW. We look forward to continuing our successful partnership.”
As with Aston Clinton, the UK solar park sold by BayWa r.e. last December, the company was able to secure a long-term power purchase agreement (PPA) for the project with McDonald’s. This PPA provides for sale of the power generated at a fixed price over a period of 20 years.
The sale marks the latest UK solar site to be offloaded by BayWa r.e., which has made a number of deals in recent months. Most recently, the 27MW Lynt Farm development was sold to fellow German firm Munich Re in January.
BayWa r.e. is also bringing forward new development into the market, with Taft claiming that the company will connect further projects with a capacity of 130MWp to the grid by in coming weeks.
The 45MWp Vine Farm solar park, which is currently under construction in eastern England, is the largest single solar project BayWa r.e. has taken on to date.