BayWa r.e. sells 8.2 MW wind farm in France to Omnes Capital

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In August, BayWa r.e. successfully sold the Saint-Congard wind farm in Brittany, north-west of Nantes, to the FPCI Capenergie 3 fund managed by Omnes Capital. This is the first time that BayWa r.e. has sold a French wind farm to a French investor.

The wind farm consists of four turbines manufactured by Senvion with an output of 8.2 MW. It has been operated by BayWa r.e. since coming online in 2014. As the Munich based full service provider is already familiar with the plant, it will continue to provide technical and commercial operations management. In total, BayWa r.e. has successfully brought four wind farms to completion in France, with an overall output of 50 MW. The company currently manages the technical and commercial operations for wind and solar farms on the French market totalling 200 MW.

"France remains a core market for BayWa r.e., where we will continue to invest in renewables in the long term. As well as implementing further wind projects, we will also intensify our business activities in the solar sector," commented Matthias Taft, Board Member of BayWa AG, responsible for the energy business. "With this in mind, we feel the cornerstone for future cooperation has been laid with the current sale to Omnes Capital."

”We are very pleased to have concluded the acquisition of the Saint-Congard wind farm”, says Serge Savasta, Managing Partner at Omnes Capital and Head of Renewable Energy. “We have been a cornerstone investor in French renewable assets for 10 years now and this transaction is perfectly in line with FPCI Capenergie 3’s strategy of consolidating individual assets into larger portfolios. It also marks the beginning of a new partnership with BayWa r.e. that we are confident will lead to other opportunities in the future.”

BayWa r.e. renewable energy GmbH (BayWa r.e.):

BayWa r.e. renewable energy GmbH, a wholly owned subsidiary of BayWa AG, draws together the Group's activities in the fields of solar energy, wind power, bioenergy and geothermal energy. With its registered offices in Munich, BayWa r.e. is active in its core markets of Europe and the USA. The company acts as a full service partner and employs around 950 staff. It can draw on over 25 years of experience in this market where it develops, realises, consults and supports BayWa r.e. projects in the renewable energies sector. In addition, the company manages the operation and maintenance of plants. Further business activities include trading in PV components, as well as the purchase and sale of energy from renewable sources.

BayWa r.e.’s French subsidiary is active in the solar and wind markets of the France. They focus on projects and O&M business.

Parent company, BayWa AG, is an international trading company and service provider whose core business sectors include agriculture, energy and construction.

Omnes Capital:

Omnes Capital is a major private equity and infrastructure investment player. With €2.1 billion under management, Omnes Capital provides businesses with the equity they need to develop in their key areas of expertise: growth capital and buyouts, private debt, venture capital, renewable energy, co-investment, secondary funds-of-funds.

In the renewable energy sector, Omnes Capital has been a market leader since the launch of its first Capenergie fund in 2006. Since then, the company has partnered with developers and independent power producers to make over 30 investments in France and elsewhere in Europe in the wind, solar, hydropower and biomass sectors equating to over 1,500 MW of installed capacity.

Omnes Capital was a subsidiary of Crédit Agricole S.A. until March 2012. The company is now owned by its employees and is a signatory to the United Nations' Responsible Investment Principles.

Felix Gmelin Communications Manager BayWa r.e. renewable energy GmbH
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