BayWa r.e. sells 109 MWp Lirios solar park in Spain to Encavis AG

Encavis AG's acquisition of the 109 MWp operational Lirios solar park in Spain from BayWa r.e. immediately expands the German IPP's revenue-generating asset base in a key European market. This transaction provides Encavis AG with an established solar asset, bypassing development and construction risks often associated with greenfield projects. For BayWa r.e., divesting the operational Lirios solar park aligns with its core business model as a global renewable energy developer and constructor. The sale allows BayWa r.e. to recycle capital from a completed project, freeing up resources for new solar, wind, and energy storage developments across its international pipeline. While the deal value remains undisclosed, the transfer of a 109 MWp operational asset in Spain suggests a significant capital deployment by Encavis AG to secure stable, long-term power generation capacity. This move solidifies Encavis AG's presence in Spain, adding a substantial solar capacity to its existing European portfolio. Encavis AG, a German independent power producer already operating over 3.5 GW of solar and wind parks across Europe, leverages this acquisition to deepen its operational presence in Spain. The addition of the 109 MWp Lirios solar park directly contributes to Encavis AG's annual revenues, which currently exceed €400 million. For BayWa r.e., a leading global renewable energy developer and constructor, the sale of the Lirios solar park demonstrates its successful project lifecycle management, from development through to operation and eventual divestment. BayWa r.e.'s strategy involves developing, constructing, and often selling assets to long-term owners like Encavis AG, enabling continuous reinvestment into its pipeline of solar, wind, and energy storage projects. This transaction exemplifies the ongoing market dynamic where developers monetize mature assets to fund future growth, while IPPs seek to expand stable, revenue-generating portfolios in attractive European markets.