BayWa r.e. to provide asset management services for Greencoat UK Wind’s wind portfolio
BayWa r.e. has signed a long-term framework agreement with Greencoat UK Wind, the leading renewable infrastructure fund, managed by Schroders Greencoat, to provide technical asset management services for its 14 wind farms acrossEngland and Scotland, 9 of which have been retained and extended.
The 10-year framework agreement will see BayWa r.e. servicing a total of 406 MW of power across all 14 sites, comprising of 8 sites in Scotland and 6 in England. Combined, the wind farms will power around 143,700 homes.
BayWa r.e. provides comprehensive technical management services for a range of wind energy partners and supports in areas as diverse as monitoring operations at our 24/7 control centre to scheduling onsite services and compiling company reports.
Dickson Leung, Asset Manager at Schroders Greencoat, commented: “We are delighted to sign this long-term framework agreement. Working in partnership with BayWa r.e., with their expert knowledge within the industry, will help support our own ambitions, and that of the sector, as we all work towards Net Zero goals in the UK and beyond.”
Michael McKenzie, Director at BayWa r.e. Asset Operations UK, said: “We are thrilled to be strengthening our partnership with Schroders Greencoat to provide crucial technical asset management services to ensure the smooth operation of Greencoat UK Wind’s wind assets. Our experience built up over many years will continue to be of real benefit to the Greencoat UK Wind portfolio.”
Daniel Gäfke, COO of BayWa r.e., added: “Having been active in the UK market for over 14 years, we are proud of the team's accomplishments and the strong, collaborative relationships we have built with partners such as Schroders Greencoat. These collaborations enable us to jointly move towards a more sustainable future. The UK remains one of our key markets, and we look forward to continuing our impactful work in the region.”
Established in 2009, Schroders Greencoat is one of the world’s largest pureplay renewable infrastructure managers and provides a global conduit for institutional capital investing in renewables. Greencoat UK Wind is listed on the London Stock Exchange in 2013 and has a portfolio of 49 UK wind farms with a net generating capacity of 2 GW.
