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  BayWa r.e. sells Japan solar farm

Renewables giant BayWa r.e. has sold its second Japanese solar farm in two months.

BayWa r.e. has completed the sale of the 35MWp Isohara solar farm in Kita-Ibaraki City, Japan, to D&D Solar GK, a renewables venture set up by energy company Osaka Gas and the Development Bank of Japan. The Isohara park, built by BayWa r.e., came online last month and is the company’s largest project in Japan to-date.

It comes just two months after D&D Solar GK bought the 11.9MWp Izumi solar plant from BayWa r.e. at the end of 2020.

Jean-Francois Rebeille, chief operating officer at BayWa r.e. Japan K.K, said the company also has a third in the development pipeline in Kobe, set for completion in 2023.

“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.”

[Feb 2, 2021 / pv-tech.org]   
 
 
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