BayWa r.e. has finalised the sale of a solar project portfolio in France, representing a total capacity of 127 MWp. This portfolio includes the Greenberry (40 MWp) and Fontenet 3 (40 MWp) projects, both of which are operational and have been sold to Octopus Energy’s generation arm. The Amance project (47 MWp), currently under construction, has been acquired by Commerz Real, a recognised European asset manager.
This transaction is part of BayWa r.e.’s ongoing efforts to optimise its asset portfolio. In 2024, the company sold more than 1.5 GW of projects in various sectors, including wind, solar, and battery energy storage systems, further consolidating its presence in European, American, and Asia-Pacific markets.
Transformation of military land into renewable energy
The Greenberry and Fontenet 3 projects are located on former military sites in central and south-western France. These sites have been converted into solar parks and have also been developed to integrate sheep farming. Together with the Blueberry and Fontenet 1 and 2 projects, these solar farms form an energy hub with a total capacity of 136 MWp across 151 hectares. BayWa r.e. will continue to provide technical management for these installations.
The Amance project: a new use for agricultural land
The Amance project, situated on 42 hectares of land previously used for intensive agriculture, is currently under construction. This project aims to revitalise low-quality soil while contributing to environmental protection and biodiversity. The site, designed for extensive agricultural use, will notably allow for sheep grazing. BayWa r.e. will manage the technical and commercial operations of this solar park once completed.
Daniel Gäfke, Chief Operating Officer of BayWa r.e., stated: “These transactions demonstrate our ability to deliver large-scale projects in our key markets. With over 1.5 GW of projects sold in 2024, we are solidifying our position in the energy transition.”
Benoit Roux, Managing Director of BayWa r.e. France, added: “The completion of these sales represents an important milestone in our development in France, a strategic market. We will continue to deploy our portfolio in this region.”
