Based on preliminary discussions BayWa r.e. and Cinergy signed today a LOI to cooperate on development of nearly 500MWp projects of the Cinergy pipeline.
BayWa r.e. was founded in 2009 and is 100% owned subsidiary of BayWa AG. Its present in 26 countries and has 2400 employees. In 2019 it reached a 2Bn EUR turnover in renewable energy projects. Amongst projects it executed in recent past: 174Mw project Don Rodrigo and 50Mw Don Rodrigo II.
Cinergy with headquarters in Belgium, has over 900Mw PV projects in Spain it its pipeline. The cooperation with BayWa r.e. will allow Cinergy to achieve its 3 year objective of 1,2Gw PV development.