PR87884

BANGKOK, Feb. 2, 2021 /PRNewswire=KYODO JBN/ --

Global renewable energy developer, service provider and distributor, BayWa r.e.

has announced the successful sale of its Isohara solar farm in Japan, the

second such transaction in two months.

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The sale of the 35MWp site in Kita-Ibaraki City follows on from the successful

sale of the 11.9 MWp Izumi solar farm in December 2020 and is further evidence

for BayWa r.e.'s commitment to the country and its renewable generation

ambitions. It will produce enough electricity to meet the average annual

consumption of 15,000 households in Japan.

The 57.8-hectare Isohara solar farm was designed and built by BayWa r.e. and

achieved full operations in January 2021, bringing to bear its considerable

global experience and expertise in large-scale solar park construction

projects.

The purchaser of the site is D&D Solar GK, a new venture set up between Osaka

Gas and the Development Bank of Japan (DBJ).

This joint venture also purchased the Izumi solar farm, demonstrating the

consolidation of the relationship between the new venture and BayWa r.e. in

Japan.

"This successful sale, so soon after our first, will enable us to continue our

investment strategy of capital recycling in solar energy generation projects in

Japan," said Jean-Francois Rebeille, COO, BayWa r.e Japan K.K.

"Isohara is our biggest project in Japan to date, and we have a third on

schedule for 2023, in Kobe, which brings us to more than 100 MW of green energy

in our pipeline and installed capacity."  

He added: "We are pleased that we have once again been able to work with D&D

Solar and look forward to building on this growing relationship."

Osaka Gas aims to achieve its carbon neutrality in 2050 through the

contribution for the spread of 5,000 MW renewable energy power sources both

domestically and globally.

Likewise, DBJ actively supports actions contributing to the achievement of

decarbonised society through the provision of risk money to domestic and

international renewable energy power sources such as solar and wind.

Koichiro Age, Head of Renewable Energy Development DEPT., Osaka Gas/Yasuhiro

Matsui, General Manager of DBJ commented: "D&D has been set up to enable the

purchase of solar farms here in Japan, and the purchase of a second solar farm

from BayWa r.e. will help us increase the total generation in our portfolio.

"We look forward to acquiring further projects of this nature, and to

continuing to work with BayWa r.e. "

Since entering the APAC region in 2015 BayWa r.e. has already delivered over

400 MW of renewable energy across solar and wind farm developments and

large-scale C&I installations.

BayWa r.e. renewable energy GmbH (BayWa r.e.):

Across solar, wind and bioenergy at BayWa r.e we r.e. think energy - how it is

produced, stored and best used. We are a leading global developer, service

supplier, distributor and energy solutions provider.  

We deliver renewable energy solutions worldwide, and have brought 3.5 GW of

energy online, while managing 9 GW of assets.

BayWa r.e is a leading supplier to the solar distribution market. We also have

a rapidly growing energy trading business.

We are part of the BayWa Group, a business with revenues of EUR17.1 billion.

Every day we are working hard to find new solutions, push technological

boundaries and actively shape the future of energy and taking a stand against

climate change.

SOURCE BayWa r.e. renewable energy GmbH

CONTACT: BayWa r.e. renewable energy GmbH, Salim Pathan, Communications APAC,

Tel: +66-2-698-7162, E-mail: salim.pathan@baywa-re.com OR Karin Kreuzer,

Corporate Communications, Telephone: +33 4 28 67 37 69, Email:

karin.kreuzer@baywa-re.com