BayWa sells 175 MW solar park »Don Rodrigo« to MEAG
Post date: 06/01/2019 - 11:50
German renewable energy project developer and service provider BayWa r.e. Renewable Energy GmbH has sold the solar park »Don Rodrigo« in southern Spain to a group’s client of MEAG, asset manager of German reinsurance company Munich Re and its client ERGO. The plant consists of a total of around 500,000 solar panels installed on an area measuring 265 hectares that is located 20 kilometers to the south of Seville. The park’s total output amounts to 175 MW, power generation is expected to reach 300 gigawatt hours annually.
Don Rodrigo is currently the largest project realized by BayWa r.e. in the solar area. »We will generate green electricity at market prices without any kind of subsidies, a first in Europe. We are therefore entering a new phase where the energy turnaround is concerned: solar power is now cheaper to produce than conventional power,« explains Matthias Taft, BayWa AG’s senior energy executive. As reported, BayWa signed a 15-year Power Purchase Agreement (PPA) with the Norwegian energy company Statkraft. The BayWa r.e. service team will be responsible for the ongoing technical operation of the plant.