BayWa r.e has sold four German wind farms with a combined capacity of 53MW to Encavis Infrastructure Fund II.
The wind farms involved in the deal are Haltern-Sythen, Finkenbach-Gersweiler, Bedesbach and Bruchwald. These facilities use different types of turbines.
The four facilities entered operation in May last year, and now power more than 41,000 households annually.
The Infrastructure Fund’s investment advisor, Encavis Asset Management, is part of European independent electricity producer Encavis.
Encavis Asset Management chairman spokesman Karsten Mieth said: “After the purchase of seven Dutch solar parks in the spring, this is already the second deal with BayWa r.e. within a year. This shows the strong partnership between our two companies. With this purchase we are continuing the diversification / expansion of our renewable energy portfolio.”
Financial details of the transaction have not been disclosed.
BayWa r.e. wind managing director Rainer Heyduck said: “After many years of intensive project development this summer, despite the restrictions caused by Covid-19, we connected the last of these four wind farms to the grid.
“In view of the challenging conditions for realizing new wind energy projects in Germany, we are very happy about this success. With the sale that has now taken place, we are continuing our long-term, trusting collaboration with Encavis.”
“In 2021 we will also continue our strategy of involving citizens in wind farms that we have implemented. Specifically, we are working on a repowering and community wind energy project in Uetze in Lower Saxony.”
Additionally, BayWa r.e. has agreed to offer technical management of the plants in the future.