Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  BayWa AG    BYW6   DE0005194062

BAYWA AG

(BYW6)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

BayWa : Carlton & United Breweries signs Australian renewable energy deal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/04/2019 | 03:33am EDT

AB InBev-owned Carlton & United Breweries (CUB) has moved one step closer to obtaining 100% of its electricity from renewable sources after securing a deal with BayWa.

Last year, CUB signed a 12-year power purchase agreement (PPA) with the German renewable energy developer, service provider and wholesaler.

With the recent completion of BayWas 112MW Karadoc solar farm in northern Victoria, CUB is now using renewable energy sourced from the site for its brewery operations. The 664-acre farm is the largest solar facility in northern Victoria.

CUBs PPA provides 74,000 MWh a year enough to power 7,500 homes.

Peter Filipovic, CUB business unit president, said: This is an important step towards achieving our commitment to source 100% of our electricity from renewables. In addition to our PPA, we will soon be installing solar panels at our breweries.

Everyone has a responsibility to play their part to tackle climate change. CUB is no different. CUB is absolutely committed to delivering on an ambitious environmental and sustainability agenda.

The investment also stacks up when you look at the reduced price we will be paying to power our operations. Moving to renewable energy will ensure that we have certainty of supply and pricing.

Matthias Taft, board member of BayWa, added: This is a great milestone for BayWa in Australia; since entering the market in 2016, we have become active in solar and wind development as well as the solar installer wholesaler market.

With Karadoc coming online, the partnership we have with CUB is a great example of how corporations are taking an active lead in driving the renewable transition in Australia and we are delighted to be playing our part in supporting CUB in realising its renewable energy goals.

Last month, AB InBev announced that it will start brewing Budweiser beer in the UK with 100% renewable electricity thanks to a new deal with solar energy firm Lightsource BP.

The new solar capacity is expected to be added and connected by Lightsource BP at the end of 2020 and all Budweiser brewed and sold in the UK will begin to feature a new symbol to encourage consumers to choose a beer brewed with 100% renewable electricity.

(c) 2019 ITP Media Group. All Rights Reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BAYWA AG
05/31BAYWA : buys Forsa Energys renewable energy business in UK
AQ
05/30BAYWA : acquires 350MW Scottish wind pipeline
AQ
05/29BAYWA AG : Ex-dividend day for final dividend
FA
05/28BAYWA : First Subsidy-Free Solar Park Under Construction in Germany
AQ
05/24BAYWA : plans issuance of green bond
EQ
05/20BAYWA AG : Preliminary announcement of the publication of quarterly reports and ..
EQ
05/20BAYWA AG : Preliminary announcement of the publication of financial reports acco..
EQ
05/17BAYWA : Old PV farms are a hidden treasure
AQ
05/15BAYWA : re building first subsidy free solar park in Germany
AQ
05/11BAYWA : re to build its first unsubsidized solar plant in Germany
AQ
More news
Financials (€)
Sales 2019 21 303 M
EBIT 2019 970 M
Net income 2019 761 M
Debt 2019 10 560 M
Yield 2019 3,47%
P/E ratio 2019 17,70
P/E ratio 2020 15,09
EV / Sales 2019 0,54x
EV / Sales 2020 0,51x
Capitalization 931 M
Chart BAYWA AG
Duration : Period :
BayWa AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BAYWA AG
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 28,8 €
Spread / Average Target 8,3%
EPS Revisions
Managers
NameTitle
Klaus Josef Lutz Chief Executive Officer
Manfred Nüssel Chairman-Supervisory Board
Andreas Helber Chief Financial Officer
Johann Lang Member-Supervisory Board
Gunnar Metz Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
BAYWA AG26.70%1 017
LAMB WESTON HOLDINGS INC-16.11%8 812
SITEONE LANDSCAPE SUPPLY INC17.86%2 673
KWS SAAT SE18.27%2 287
CALAVO GROWERS, INC.32.83%1 513
NORWAY ROYAL SALMON AS5.98%1 009