There may not be much new utility-scale capacity being built in the U.K., but there is still plenty of activity surrounding the solar PV capacity already in play. The most recent development is BayWa’s acquisition of O&M service provider Green Hedge Operational Services, which brings the company’s U.K. O&M portfolio to 620 MW.
Green Hedge Operational Services was the stand-alone O&M services business of the Green Hedge group of companies, and is known as an experienced PV company operating in the country. It has a total portfolio of 160 MW of PV plants, which will now be added to BayWa’s growing O&M capacity.
Not only does it expand BayWa’s reach across Europe at utility-scale, it also extends the company’s service and expertise network across the U.K., as BayWa will also take on 13 of Green Hedge’s existing employees. With the completion of this acquisition, BayWa now has a U.K. O&M solar portfolio of 620 MW.
“With the rapid expansion of renewables in Europe and worldwide over the last decade, the technical and commercial operations management segment is becoming increasingly important as investors need reliable partners to take care of their operational projects” commented BayWa Board Member Matthias Taft. “We have been involved in this sector right from the start and are now significantly expanding our activities in this area across Europe. We are delighted to have successfully acquired the O&M business set up by the Green Hedge group as this considerably strengthens our position in the UK and Europe.”
The company has an impressive global presence, with more than 2.2 GW of solar plant capacity being managed by the company. An example of its global ties came just last week, as it signed a Global Procurement Framework Contract with Chinese technology company Huawei for the supply of 400 MW of Huawei’s inverters.