Categorized | Business, Wind, Wind Energy

BayWa buys 375 MW of Juwi wind projects in Germany

German group BayWa AG said yesterday (Tuesday) it had acquired 375 MW of wind energy projects in Germany from Juwi AG, for an undisclosed amount.

The deal involves 31 projects, the majority of which are located in North Rhine-Westphalia and Rhineland-Palatinate. Subsidiary BayWa re renewable energy GmbH will take on their implementation.

The projects are at different stages of development, with almost one-third of expected to be approved in 2016. Construction is planned to start following approval and the first projects to be commissioned next year.

BayWa chief executive officer Klaus Josef Lutz commented the news :

“With this portfolio, we are creating the right conditions for the continued and sustained growth of our renewable energy activities. This enables us to safeguard a significant part of BayWa’s consolidated results over the coming years.”

The two companies said they will cooperate further throughout the implementation of the wind projects.

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