BayWa's renewables division has entered into a long-term framework agreement with Greencoat UK Wind, an infrastructure fund managed by Schroders Greencoat, to provide technical asset management services for 14 wind farms across England and Scotland.
The agreement, which spans 10 years, covers 8 wind sites in Scotland and 6 in England, with a total installed capacity of 406MW. Nine of these projects have been retained and extended as part of the deal.
Dickson Leung, asset manager at Schroders Greencoat, expressed his enthusiasm about the collaboration, saying, “We are delighted to sign this long-term framework agreement. Working in partnership with BayWa r.e., with their expert knowledge within the industry, will help support our own ambitions, and that of the sector, as we all work towards Net Zero goals in the UK and beyond.”
Michael McKenzie, director at BayWa r.e. asset operations UK, highlighted the importance of the partnership, stating, “We are thrilled to be strengthening our partnership with Schroders Greencoat to provide crucial technical asset management services to ensure the smooth operation of Greencoat UK Wind's wind assets. Our experience built up over many years will continue to be of real benefit to the Greencoat UK Wind portfolio.
