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BayWa r.e. has successfully sold another significant wind energy project in Germany to investment and asset manager KGAL. The Perscheid Ost wind farm features three Nordex N163 turbines, each with a capacity of 5.7 MW. This marks BayWa r.e.’s second transaction with KGAL this year, following the sale of the 18.6 MW Reichenbach wind farm.
Located in the Rhineland-Palatinate region, the Perscheid Ost wind farm is currently under construction and is set to begin operations in April 2025. Once completed, it will generate approximately 48,000 MWh of green electricity annually, enough to power around 16,000 households. Additionally, the surrounding communities will receive financial benefits from the wind farm’s revenues under Paragraph 6 of the Renewable Energy Sources Act (Erneuerbare-Energien-Gesetz, EEG).“We are very pleased with the successful sale and the upcoming completion of the Perscheid Ost wind farm. With our commitment to applying Paragraph 6 of the EEG, we ensure, as with all our wind projects, that the local communities also benefit from the value creation of the wind farm. With a diverse project pipeline, we are well-equipped to further advance wind energy in Germany together with citizens, communities, and our partners, thus making an important contribution to the energy transition,” commented Andreas Hornig, Managing Director of BayWa r.e. Wind GmbH.
“Following our recently successfully completed project sales in the UK and Germany, we continue to see strong interest from investors in high-quality wind energy projects. We plan further sales by the end of the year. By continuously realising our project pipeline, we not only strengthen our market position but also make a valuable contribution to achieving vital climate goals in Europe and beyond,” said Matthias Taft, CEO of BayWa r.e.
