BayWa r.e. is seeking investors for renewable electricity at unspecified locations in Germany and Spain. The selected buyers will have to sign 10-year power purchase agreements.
The German clean power company and Huhtamaki have signed a 10-year deal that will ensure the construction of two solar farms in southern Spain with an aggregate generation capacity of around 135 MWp.
BayWa re commissioned two floating PV facilities which it claims are the largest in Europe and outside Asia.
With the new investor on board, Baywa re wants to expand its renewables business even further.
The new Novotegra GmbH unit will bundle all activities related to the group’s PV mounting structure business.
The pilot project, consisting of a 50 MW solar plant and a utility scale electrolyzer, is planned to test how this combination may help reduce grid constraints in the country.
BayWa r.e. and GroenLeven have designed special monocrytalline solar panels for five pilot agrivoltaic projects they are deploying in the Netherlands. They are testing weather-resistant 260 W glass-glass panels with different transparency levels.
Renewables are the best way for Europe to decarbonize, the Choose Renewable Hydrogen coalition said this week, prior to the upcoming release of its hydrogen and energy-system integration plan.
Corporate power purchase agreements and the combination of PV plants with hydrogen production open up new medium-term financing opportunities for solar projects, as was demonstrated at the fourth session of the pv magazine Roundtable Europe event. The evolution of corporate deals may have been slowed by current price developments but hydrogen may come sooner than many had predicted.
The German renewables group and brewer Anheuser-Busch InBev claim the transaction is the largest pan-European solar power deal with an industrial client to date. The companies have already agreed on a virtual power purchase agreement related to two Spanish PV plants that are scheduled for grid connection by spring 2022.
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