ROUND-UP: BayWa in Dutch sale, Loan for Kazakh plant, Engie exits coal assets

Facebook
Twitter
LinkedIn
Reddit
Email
BayWa's Emmen sale follows its purchase last year of GroenLeven's 2GW portfolio (Credit: GroenLeven)

BayWa r.e. sells 30.7MW Dutch project to asset manager

26 April: BayWa r.e. has found an asset management buyer for a 30.7MW PV project it developed in Emmen, a Dutch municipality near the border with Germany.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The sale to Hamburg-based CEE Group will see the buyer run the plant commercially, while BayWa will retain responsibilities as the technical operator.

For BayWa, the Dutch divestment comes little over one year after it snapped up a 2GW solar pipeline in the country.

The seller – solar specialist GroenLeven Group – agreed to keep a 30% holding of the portfolio after the takeover of March 2018, staying on board via a joint venture.

Kazakh project raises US$16.7m from EBRD, GCF

26 April: China’s Universal Energy has secured a multi-million loan from development financiers to build a 30MW solar plant in Kazakhstan.

The project in Zhangiz-tobe, to the east of the Asian republic, will be supported via funding from the European Bank for Reconstruction and Development (US$ 11.7 million) and the UN’s Green Climate Fund (US$5 million).

The deal was signed last week at a Beijing summit to discuss China’s Belt and Road scheme, an initiative meant to channel trillions to infrastructure across over 150 countries.

Engie in fresh coal sale as part of renewable refocus

26 April: Engie has pressed ahead with a series of fossil fuel divestments, selling a 2.34GW German and Dutch coal portfolio while it works to deliver PV projects worldwide.  

Pending regulatory approval, the developer’s sale of a coal plant in Rotterdam and a further three in Germany will slash its consolidated net debt by some €200 million.

The transaction, said Engie CEO Isabella Kocher, comes as part of efforts to become a “leader” of the transition to carbon neutrality.

Having cut its coal portfolio by 75% in three years, the firm is working on a 746MW PV pipeline in Mexico, a 60MW duo in Senegal and mini-grids in Myanmar, among other locations.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.
2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

August 29, 2025
The first half of 2025 has been the strongest year for UK solar energy generation on record, according to a new report think tank Ember.
August 29, 2025
US grid interconnection agreements grew by 33% in 2024, reaching 75GW, with three-quarters signed for solar PV and battery energy storage system (BESS) projects, according to a new report from energy market analyst Wood Mackenzie.
August 29, 2025
Meridian Energy and Nova Energy have established a JV to build and operate a 400MW solar plant in Rangitaiki near Taupo in New Zealand.
August 28, 2025
Indian solar manufacturing firm INA Solar has broken ground on its fourth 4.5GW cell production plant in Narmadapuram, Madhya Pradesh.
August 28, 2025
Boviet Solar has completed exterior construction work on its 3GW PV cell manufacturing facility in Greenville, Pitt County, North Carolina. 
August 28, 2025
JinkoSolar has sold 41.8GW of PV modules in the first half of the year, despite growing financial losses for its manufacturing subsidiary.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines