BayWa r.e. acquires energy trading mandate of renewable electricity for KTG Energie AG
Late last year, BayWa r.e. signed a contract with KTG Energie AG regarding the energy trading more than 35 MW of electrical power. BayWa r.e. began marketing the electricity produced in KTG's biogas and biomethane combined heat and power plants (CHP) in full on 1 January 2015.
Since the Renewable Energy Act (EEG) came into force in 2014, all new plants with an installed capacity of more than 500 kW must engage in energy trading. Marketing on the electricity exchange can take place either for individual plants or in a virtual plant network. "As an experienced service provider for renewable energies, we offer our customers various electricity marketing options to supplement our project management services", commented Matthias Taft, Chairman of the BayWa r.e. Management Board.
Virtual electricity marketing as a total package of different production plants has the special advantage of being able to provide efficient balancing energy. Electricity produced from CHP biomethane, in particular, also makes a contribution here, as biomethane is excellent for saving via the natural gas grid and it can be accessed easily at peak times. Matthias Taft went on to explain: "The electricity produced by KTG is synchronised with other production plants controlled by BayWa r.e. and is marketed as a total package on the electricity exchange. The marketing of balancing energy provides important additional revenue for our customers in a challenging market environment." In a first step, all KTG CHP plants will be equipped with a remote control unit in accordance with the amended EEG.
"The export of energy needs to be matched more closely with consumption", Dr. Thomas R.G. Berger, Chairman and CEO of KTG Energie AG stated. "In order to ensure a high degree of flexibility in the long term, we are already investing in the latest plant technology." KTG Energie AG already supplies more than a quarter of a million people with CO2 neutral energy. The company does this by producing electricity and heating from over 50 biogas and biomethane CHP plants in 18 locations, with a total capacity of 53 MW.
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 the 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 energy, wind power, bio-energy and geothermal energy.
BayWa r.e.'s business activities range from project development and realisation to PV trade and consultation services. The company covers the entire spectrum of technical plant support services, including maintenance. It can also undertake the commercial operations management of plants. The range of services further includes energy trading of electricity from renewable sources, trading in biomethane, as well as the sale of green electricity 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, also based in Munich, is a listed trading company with an international focus. Core business sectors include agriculture, energy and construction.