BayWa r.e. has finalized the sale of a 60 MWp solar project portfolio in Spain to leading asset manager KGAL Investment Management, reinforcing its ongoing commitment to advancing the energy transition across Europe.The portfolio includes two ground-mounted solar photovoltaic (PV) projects—Gerena II (approx. 50 MWp) and Chamorro (approx. 10 MWp)—located in the municipality of Guillena, Seville. Both projects are equipped with single-axis trackers and are expected to generate around 125 GWh of clean energy annually, enough to power approximately 32,000 Spanish households.
Gerena II and Chamorro were energized and reached commercial operation in Q2 2025. The projects are supported by a 10-year Virtual Power Purchase Agreement (VPPA), ensuring long-term revenue stability.
Juanjo Álvarez, Managing Director of BayWa r.e. Spain, commented: “We are proud to see these projects fully operational, and to deliver high-quality assets to KGAL. Despite challenging market conditions in Spain, we have successfully launched the simultaneous construction of nine renewable energy projects – wind and solar – totaling 460 MW, a milestone achievement that reflects the strength and commitment of our team.”
Daniel Gäfke, COO of BayWa r.e., added: “Another successful deal that highlights the continued strength and dynamism of our projects business. Building on the development and sales of several other premium assets, we continue to drive forward the energy transition and implement our diverse portfolio of wind, solar, and battery storage projects.”
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