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MarketScreener Homepage  >  Equities  >  Xetra  >  BayWa AG    BYW6   DE0005194062

BAYWA AG (BYW6)
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Baywa : r.e. secures PPA for its 170 MW solar project in Spain

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04/11/2018 | 04:20pm CEST

The solar park will be constructed in the municipality of Alcal de Guadara, in Spanish southern region of Andalusia. The facility will sell power to Norway-based power provider Statkraft.

Baywa r.e., the renewable energy arm of German agricultural and industrial conglomerate Baywa, has secured a 15-year PPA for its 170 MW Don Rodrigo solar park, which is currently under development in Alcal de Guadara, Andalusia, southern Spain.

Baywa said that preliminary work on the facility has already begun, and that construction and grid-connection will be finalized by the end of this year.

The solar park, planned to be deployed on a 265 hectare surface, is expected to generate around 300 GWh per year and to cover the annual consumption of around 93,000 households. The fact that we can implement such a project completely without government susbidies is due, in particular, to the constant optimization of system costs, said the energy director of Baywa, Matthias Taft.

Statkraft brings together electricity producers and companies from trade and industry throughout Europe and develops new concepts that offer added value for both sides, said Hallvard Granheim from Statkraft. Our customers profit from our decades of experience in the supply of renewable energies at long-term predictable and competitive prices, he also added. No information about the power purchase price, however, was disclosed by either company. As pv magazine reported in January of last year, the plant may sell power at about 0.038/kWh.

This is the third PPA for large-scale solar announced in Spain since the business for big solar parks regained momentum. In late March, Spanish renewable energy developer, Cox Energy has secured a long-term PPA for 660 MW of solar power from Spains power distributor, Audax. Spains first solar PPA was announced by British firm, Foresight in late December, while in Portugal, the first 10-year PPA for a 10 MW solar project was signed in early January.

(c) 2018 MediaQuest Corp. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2018 16 523 M
EBIT 2018 182 M
Net income 2018 55,7 M
Debt 2018 2 499 M
Yield 2018 3,24%
P/E ratio 2018 18,53
P/E ratio 2019 14,14
EV / Sales 2018 0,21x
EV / Sales 2019 0,21x
Capitalization 1 013 M
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Average target price 33,5 €
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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
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