BayWa r.e. Sells 95 MW Spanish Solar Park to Encavis AG

BayWa r.e. has sold its Spanish “Almodóvar” solar park to leading independent power producer (IPP) Encavis AG. Located in Andalucía near the city of Córdoba, the solar farm is expected to connect to the grid in Q4 2025. With a capacity of 95 MW and an annual electricity generation of 187 GWh, Almodóvar will significantly contribute to the Spanish energy transition.

Following the sale of the 109 MW Lirios solar farm a few months ago, this transaction marks another milestone in the ongoing partnership between BayWa r.e. and Encavis AG, showcasing their collaborative efforts in advancing numerous solar and wind projects across Europe.

Almodóvar is part of a 10-year Virtual Power Purchase Agreement (VPPA) that BayWa r.e. signed in 2021 with Huhtamaki, a leading global provider of sustainable packaging solutions based in Finland. The agreement for two Spanish solar farms covers approximately 80% of Huhtamaki’s electricity needs in Europe. This deal marked the largest European solar corporate VPPA for the packaging industry and the first solar corporate VPPA signed by a Finnish company.

Matthias Taft, CEO of BayWa r.e. AG, commented: “We are delighted to announce the successful sale of yet another solar park developed by our team in Spain. Almodóvar is part of continued project sales we will be delivering in Europe over the coming months. The energy transition is accelerating by the day, and we are well positioned to drive further growth in wind, solar and battery storage projects.“

Juanjo Álvarez, Managing Director, BayWa r.e. Projects Spain, added: “We have been active in the Spanish market for more than ten years and have realised over 600 MW of wind and solar projects there. It is one of the key markets for BayWa r.e. and we will continue to play a leading role in advancing the energy transition in Spain and beyond.”