Encavis picks up BayWa r.e. Dutch solar portfolio

Facebook
Twitter
LinkedIn
Reddit
Email
The 14.5MWp Floating PV installation Sekdoorn near the Dutch city of Zwolle. Image: BayWa AG.

European independent power producer (IPP) Encavis has acquired a portfolio of Dutch solar assets with a combined capacity of 80MWp from renewables developer BayWa r.e.

The portfolio of seven assets, which includes a 21.8MWp install at Grongingen Airport Eelde and two floating PV projects at Tynaarlo and Sekdoorn, have been taken aboard by Encavis’ asset management arm Encavis AM.

A complete list of assets included in the sale and their capacities is as follows:

Project Capacity (MW)
Eelde 21.8
Flierbelten 5.7
Jumaheerd 6.6
Maas en Waal 5.1
Sekdoorn 14.5
Tynaarlo 8.4
Zwette 18.2

The deal represents the first time BayWa r.e. has moved to sell built solar assets in the Netherlands but continues the developer’s relationship with Encavis having previously sold the IPP European wind and solar projects.

Karsten Mieth, speaker of Encavis’ management board, said the deal was “particularly satisfying” to conclude due to both the ongoing relationship between the two parties and the ongoing COVID-19 pandemic, which has placed considerable pressure on Europe’s solar industry.

BayWa r.e. meanwhile confirmed that further sales from its pool of Dutch solar assets are planned for the coming months and Matthias Taft, board member at BayWa AG, said the sale was further evidence that the firm’s entrance to the Dutch solar market was “absolutely the right thing to do”.

BayWa acquired a 70% stake in a 2GW pipeline of solar projects in the Netherlands in March 2018, committing to build them out alongside original owner GroenLeven. The duo have been active in the market ever since, with a particular eye for floating solar projects.

“Working with GroenLeven, we have a strong development pipeline and have grown the team on the ground fivefold to manage our presence and activities here in the Netherlands. We expect this initial success to be matched as we head into the second half of 2020,” Taft said.

Solar Media’s new Digital Summits series has been launched to provide critical market insights, intelligence and networking opportunities to maintain our industries’ momentum. Running throughout May and June, the Digital Summits will deliver the full live event experience to your own home.

  • Energy Storage Digital Series: 11-15 May. See here for more information on how to take part.
  • Large Scale Solar Digital Series: 18-22 May. See here for more information on how to take part.
  • Solar & Storage Finance Digital Series: 1-5 June. See here for more information on how to take part.
  • EnTech Digital Series: 15-19 June. See here for more information on how to take part.
  • Everything EV Digital Series: 6-10 July. See here for more information on how to take part.
4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.

Read Next

September 22, 2022
Wood Mackenzie has repeated warnings that module supply shortages are set to persist until the end of 2023.
September 20, 2022
From module makers and BOS producers to utility-scale developers and community solar companies, the Inflation Reduction Act (IRA) has taken centre stage at this year’s RE+ in Anaheim, California.
September 19, 2022
California Governor Gavin Newsom has signed a proposed community solar programme into law that will help low income communities benefit more from solar PV.
PV Tech Premium
September 19, 2022
The proliferation of solar requires PV projects to adapt to their grid surroundings, which increasingly entails connecting alongside adjacent technologies, be it energy storage, other renewables or green hydrogen. Amid the growing threat of curtailment, Jules Scully looks at the rise of the ‘solar-plus’ market and the financial models underpinning it.
September 15, 2022
The European Parliament has backed plans to increase the European Union’s (EU) renewable targets as it grapples with the fallout of the war in Ukraine and the rampant energy crisis.
September 14, 2022
US utility-scale service provider Borrego has launched a new solar and battery storage procurement marketplace and optimisation solution called Anza.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 27, 2022
15:30 AEST (UTC +10)
Solar Media Events
October 4, 2022
New York, USA
On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)