BayWa r.e. has successfully completed the sale of a 60 MWp solar project portfolio in Spain to leading asset manager KGAL Investment Management, underlining the company’s commitment to driving forward the energy transition across Europe.
The portfolio comprises two ground-mounted photovoltaic (PV) projects: Gerena II (approx. 50 MWp) and Chamorro (approx. 10 MWp), both located in the municipality of Guillena, Seville. Equipped with single-axis trackers, the projects are expected to generate approximately 125 GWh annually, which is equivalent to the energy consumption of around 32,000 Spanish households. Both Gerena II and Chamorro have been energized and commercial operation has taken place in Q2 2025. The projects are backed by a 10-year Virtual Power Purchase Agreement (VPPA).
This transaction follows the successful sale of two German wind farms to KGAL earlier this year: Prüm (11.4 MW) and Altenglan (12.4 MW). Both sales are further strengthening the partnership between the two companies.
Juanjo Álvarez, Managing Director of BayWa r.e. Spain, commented: "We are proud to see these projects fully operational, and to deliver high-quality assets to KGAL. Despite challenging market conditions in Spain, we have successfully launched the simultaneous construction of nine renewable energy projects – wind and solar – totaling 460 MW, a milestone achievement that reflects the strength and commitment of our team."
Daniel Gäfke, COO of BayWa r.e., added: "Another successful deal that highlights the continued strength and dynamism of our projects business. Building on the development and sales of several other premium assets, we continue to drive forward the energy transition and implement our diverse portfolio of wind, solar, and battery storage projects."
