Premiere: BayWa r.e. leases PV plant on the Fendt factory building
The AGCO/Fendt tractor factory in Marktoberdorf has come to represent innovative energy transition thanks to BayWa r.e., whose roof plant team have installed a PV plant on top of one of the factory buildings.
BayWa r.e. supplied the finance package and is leasing the plant back to the agricultural machinery manufacturer, based in Germany's Allgäu region. All the power generated will be used on site for tractor production.
The commissioning of this Bavarian plant marks the beginning of a new business model for BayWa r.e., enabling industrial and commercial operators to lease PV plants on their own premises. "This model provides companies with the option of utilising solar power they have generated on site without having to finance it themselves. As a result, businesses can concentrate on their core activities – and still reap the benefits offered by PV power," says Roland Schuler, chairman of BayWa AG. Leaseholders take another step towards independence from the upward trend of electricity prices and make a tangible contribution to the energy transition by reducing their CO2 emissions.
"Fendt and BayWa have been progressing along the same path for some 80 years in sales of agricultural machinery. We are pleased to now have another innovative field where we can work together," explains Peter-Josef Paffen, Vice President and Chairman of the board of AGCO/Fendt. The PV plant on the roof of the AGCO production facility generates around 675 kWp, providing an annual yield of at least 760,000 kWh, which represents a CO2 reduction of 456 tonnes per year. BayWa r.e. owns the plant, whilst AGCO GmbH is the operator. In order to be able to install the plant, BayWa r.e. entered into a roof utilisation agreement with Fendt Immobilien GmbH. For AGCO to be able to use it, a plant leasing contract with fixed duration was agreed.
The plant was erected in record time – just 22 days from signing the contract to connecting to the grid. The solar power plant came on stream at the end of July, i.e. before the new German Renewable Energy Sources Act came into force. Consequently no surcharge for on-site consumption is due. "Despite the altered general conditions of the Renewable Energy Sources Act that came in on 1 August, the leasing model still has a future. The energy transition continues locally step by step," according to Matthias Taft, Chairman of the Management Board of BayWa r.e.
Even when the factory was still under construction, AGCO had its sights set on a PV plant and this was taken into consideration in the static calculations. As a consequence, the building was furnished with sawtooth roofs. "In BayWa r.e., we have found a partner that brings us a solution as innovative as it is practical and uncomplicated," commented Peter-Josef Paffen.
BayWa r.e. renewable energy GmbH (BayWa r.e.):
BayWa r.e. renewable energy GmbH, a wholly owned subsidiary of BayWa AG, is responsible for BayWa group’s renewable energy business. BayWa r.e. was founded in 2009 and is based in Munich. It acts as a holding company for various business interests in the areas of solar, wind energy, bio-energy and geothermal energy.
BayWa r.e.’s business activities range from project development and realisation to PV trade and consulting services. The company covers the entire spectrum of a professional technical plant support service, including maintenance. It can also undertake the commercial operations management of plants. The range of services also includes trading of renewable energy power, trading in biomethane as well as the sale of eco power and eco gas to private and commercial customers. The company has an international focus with its core markets in Europe and the USA.
BayWa AG (Munich) is a listed trading company operating on an international platform. Its main business sectors are agriculture, energy and building materials.