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MarketScreener Homepage  >  Equities  >  Xetra  >  BayWa AG    BYW6   DE0005194062

BAYWA AG (BYW6)
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Delayed Quote. Delayed  - 01/18 11:36:07 am
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BayWa : NTR acquires two French wind power projects

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12/20/2018 | 09:33am EST

NTRs second sustainable infrastructure fund, NTR Renewable Energy Income Fund II, has acquired Bricqueville, an 8.8 MW project from RES, and Saint-Pierre-de-Juillers, a 10.2 MW project from BayWa r.e.

The 8.8 MW Bricqueville project is located in the Normandy region of France in the department of Calvados and is entering into production. Once fully operational, it will produce enough clean energy to power approximately 4,000 homes. This project is powered by four Vestas V100 turbines.

The 10.2 MW Saint-Pierre-de-Juillers project is located in the Nouvelle-Aquitaine region of France, in the department of Charente-Maritime, and is producing enough clean energy to power over 7,000 households. The project is powered by five Senvion MM92 turbines.

Manus ODonnell, Chief Investment Officer of NTR, says: These two acquisitions are a strong demonstration of our intent to be an active participant in the rapidly growing French wind and solar market. We are very pleased to enter the market in partnership with two leading international developers, RES and BayWa r.e and intend to further expand our French presence with both international and domestic developers.

The Bricqueville acquisition marks the fourth transaction between RES and NTR. Sbastien Dubois, Director of Finance and Acquisitions at RES, says: RES has already established a strong relationship with NTR in Northern Ireland and we hope that this first project in France is the beginning of a long-term collaboration. We want to continue to develop our activities in wind, solar and storage alongside players committed to the clean energy transition such as NTR.

We are very pleased about the successful completion of the sale of Saint-Pierre-de-Juillers, says Can Nalbantoglu, Managing Director of BayWa r.e. France SAS, with responsibility for the French wind project business. In the last ten years BayWa r.e. has succeeded in fostering the development of the project and building trust within the local community. Since 2006, we have been operating in the Poitou-Charentes region, having already realised 6 wind and solar parks and there are more to come.

NTR has identified the French onshore wind and solar market as a core market for its second sustainable infrastructure fund, NTR Renewable Energy Income Fund II. France is the 9th largest renewables market in the world and the French Government has recently reiterated plans to double Frances renewables generating capacity over the coming decade.

(c) 2018 CNEgypt. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2018 16 488 M
EBIT 2018 176 M
Net income 2018 49,0 M
Debt 2018 2 362 M
Yield 2018 3,83%
P/E ratio 2018 17,73
P/E ratio 2019 13,12
EV / Sales 2018 0,20x
EV / Sales 2019 0,19x
Capitalization 888 M
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Number of Analysts 7
Average target price 28,0 €
Spread / Average Target 16%
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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
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