BayWa r.e. sells its largest wind farm to date in the USA
BayWa r.e. GmbH has sold its largest wind farm project in the USA to date, to the American investor NorthWestern Energy (NWE) for US$ 143 million (around EUR 130 million). The plant, located in South Dakota (USA), has a capacity of roughly 80 megawatts (MW) and was delivered within nine months, by May of 2015. The sale is still subject to approval by FERC and national antitrust authorities in the US.
"This transaction shows how dynamic the North American market for renewable energy is and vindicates our decision to enter the wind and solar farm project business in the USA a few years ago. BayWa r.e., home to the BayWa corporation's international business activities in the renewable energy sector, has been very successful here from the start," declared BayWa AG's CEO, Klaus Josef Lutz, who was immensely pleased with this agreement.
"The plant in South Dakota is our largest wind farm to date and our fifth large-scale project of this type in the USA. We will continue to expand our activities in North America and Europe and develop the Asian market," stated Matthias Taft, BayWa AG's Energy CEO and Chairman of the Management Board of BayWa r.e.
With 43 turbines, this wind farm will supply a total of 31,000 homes with power and save around 225,000 tons of CO2 per year. NWE is a US power company that delivers power and gas to businesses and residential customers in around 100 communities in South Dakota and Nebraska.
"We're pleased to see that our business model of efficiently providing turnkey plants proved convincing to NWE as well. They will now be able to supply their customers with green power," adds Florian Zerhusen, CEO of BayWa r.e. Wind, LLC, who manages the wind power plant business in the US.
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.