BayWa r.e. signs 12-site O&M deal with Cubico Sustainable Investments and GLIL Infrastructure for 149 MW solar portfolio

BayWa r.e. has secured a multi-year operations and maintenance contract for a 149 MW UK solar PV portfolio owned by Cubico Sustainable Investments and GLIL Infrastructure. This partnership focuses on optimizing performance across 12 distinct solar sites in the United Kingdom. For Cubico Sustainable Investments and GLIL Infrastructure, this agreement ensures specialized management for their existing renewable energy assets, aligning with their long-term investment strategies. BayWa r.e. gains a stable, recurring revenue stream from servicing these UK assets, further solidifying its global service provider role. The deal structure, a multi-year O&M contract, emphasizes asset longevity and operational efficiency for the asset owners. Cubico Sustainable Investments, a global investor in renewable energy, and GLIL Infrastructure, a UK pension fund joint venture managing over £3.5 billion in direct infrastructure investments, are entrusting their 149 MW UK solar PV portfolio to an external specialist. GLIL Infrastructure specifically targets long-term UK assets, making the operational performance of these 12 solar sites crucial for its £3.5 billion portfolio. BayWa r.e., a global renewable energy service provider, expands its UK operational footprint with this multi-year contract. This engagement allows BayWa r.e. to apply its expertise in solar PV across a significant UK portfolio, reinforcing its position as a key service provider for long-term infrastructure investors like Cubico Sustainable Investments and GLIL Infrastructure.