BayWa r.e. has sold its 29.7MW Fraisthorpe wind farm, near Bridlington to funds managed by the UK investment fund manager Octopus Investments.

This is the fifth successful wind farm sale from the BayWa r.e. portfolio to take place in the UK.

The Fraisthorpe wind farm consists of nine Vestas V112 turbines. BayWa r.e. acquired the consented project in December 2014 and assumed responsibility for procurement, project financing and implementation. It will continue to provide full-service commercial and technical operations management services .
Matthias Taft, board member of BayWa AG, responsible for the energy business, said: “We are delighted at the prospect of working with Octopus Investments, as a long-term customer of our operations management services, and hopefully as an investor in further renewable energy projects. The UK has been one of the key markets for our wind and solar projects business and we expect this to continue, with some adjustments as the market moves into a new phase. ”

In the UK, BayWa r.e. has so far constructed wind and solar farms with a total capacity of 380MW and manages the commercial and technical operations of plants with a total output of 470MW on behalf of third party investors.