BayWa r.e.’s renewable energy branch has entered into a set of extended contracts for operations and maintenance (O&M) with funds overseen by Schroders Greencoat, regarding their solar holdings in the UK.
These recent contracts involve BayWa r.e. assuming responsibility for 16 solar photovoltaic (PV) installations, collectively capable of producing 265MW.
The terms of the arrangement entail BayWa r.e. delivering a full spectrum of proactive and corrective O&M services, aligned with Schroders Greencoat’s specifications to guarantee optimal functioning of the solar assets.
Managing Director of BayWa r.e. Operation Services Limited, Morgan Harris, said “We’re delighted to continue the operation and management of Schroders Greencoat’s solar portfolio.”
“Through our long-term partnership we recognise in them our own commitment to the green energy transition.”
“This agreement represents a huge amount of efficient green energy production and signifies a major step towards the UK ending its reliance on fossil fuels.”
Partner at Schroders Greencoat, Lee Moscovitch, said “Schroders Greencoat prioritises stable and reliable working relationships with our contracted O&M providers which we view as an essential component in delivering on the inflation linked income that our products are designed to deliver.”
“This collaboration is no exception.”
“We are pleased to be strengthening our ongoing partnership with BayWa r.e., and look forward to having the team continue their best-in-class O&M services across our solar assets, driving value for our investors.”
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