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MarketScreener Homepage  >  Equities  >  Xetra  >  BayWa AG    BYW6   DE0005194062

BAYWA AG

(BYW6)
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BayWa : r.e. secures O&M contracts with Octopus Investments

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01/22/2019 | 07:32am EDT

BayWa r.e., has secured the contract for the operations and maintenance of thirteen UK solar farms on behalf of Octopus Investments. This marks a further strengthening of BayWa r.e.s partnership with Octopus Investments, who is the largest non-utility investor in onshore renewables in the UK and the largest commercial solar player in Europe. After having successfully taken over the technical and commercial asset management of four of its UK windfarms in May 2018 with 148.5 MW BayWa r.e. will provide the complete scope of O&M services for a total output of 61.1 MW.

Mr Ian Draisey, Managing Director, BayWa r.e. Operation Services Limited, commented that Adding these solar farms to our portfolio comes at an exciting time in our expansion across the UK. We have developed a great working relationship with Octopus over the last years while looking after the technical and commercial asset management of some of its wind farms, and to be entrusted with the O&M on so many of its solar farms is indicative of the strength of our partnership. We always strive to provide a complete and unrivalled service in terms of quality and professionalism. This contract provides a platform to further develop and strengthen our UK interests.

Now with three locations across the UK and growing staff numbers in Edinburgh, Sterling and Milton Keynes, BayWa r.e has grown its serviced portfolio to over 1.9 GW of utility-scale projects, and its ongoing expansion looks set to continue into 2019.

Mr Matt Setchell, Head of Energy Investments at Octopus said that As one of the largest providers of technical and commercial services in solar and wind farms in the UK, BayWa r.e. is aligned with our own growth strategy and perfectly placed as a strategic partner for us. Its reputation for top rate Operations & Maintenance services speaks for itself and were confident that our solar farms are in very safe hands. BayWa r.e. is now actively involved in around 20% of our renewable energy portfolio, and we look forward to further developing our fruitful working relationship in the coming year.

With 24/7 monitoring from its state-of-the-art control centre core to its O&M offering, BayWa r.e. is following an ambitious digitalisation strategy which will provide further improvements and innovations to its clients in 2019.

The scope to be performed on the Octopus PV sites will include all electrical and non-electrical tasks required for plant management and performance optimisation of the solar farms, capitalising on BayWa r.e.s extensive technical expertise, systems, and processes.

(c) 2019 Saudi Research and Publishing Co. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2019 22 045 M
EBIT 2019 1 304 M
Net income 2019 841 M
Debt 2019 10 087 M
Yield 2019 3,77%
P/E ratio 2019 16,50
P/E ratio 2020 14,28
EV / Sales 2019 0,50x
EV / Sales 2020 0,53x
Capitalization 917 M
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Number of Analysts 7
Average target price 27,3 €
Spread / Average Target 5,0%
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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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