22. Dec 2016

BayWa r.e. Wind, LLC acquires 500 turbines in Palm Springs

BayWa r.e. Wind, LLC has announced their latest acquisition of a series of legacy projects in Palm Springs, California. The projects are consolidated in Coachella Wind, LLC, which is wholly owned by the company. The more than 500 turbines were built in the 1980’s and generate about 70GWh annually. The company is already in the process of retrofitting the turbines to qualify for the production tax credit.

 “The IRS Notice 2016-31 clarifying the PTC qualification under the PATH Act created an opportunity which value we will capture for this legacy asset while considering the future plans,” says Florian Zerhusen, CEO of BayWa r.e. Wind, LLC, adding that “we are seeking short term offtake contracts with corporate or utilities and welcome offers.”

 

BayWa r.e. renewable energy GmbH (BayWa r.e.):

BayWa r.e. renewable energy GmbH is a wholly-owned subsidiary of BayWa AG and combines the activities of the solar, wind, bio- and geothermal energy business sectors. Based in Munich, Germany, BayWa r.e. is trading globally. The full-service-partner is employing around 1,000 and drawing on more than 25 years of experience in the market. Today, BayWa r.e. develops, realizes, consults on and supports renewable energy projects. In addition, the company operates and maintains renewable energy plants. Further business activities include wholesaling PV components, as well as purchasing and trading in green energy.

BayWa r.e.’s US subsidiaries are active in the solar and wind markets of the Americas. They focus on projects and O&M business and the distribution of PV components.

BayWa r.e.’s parent company, BayWa AG, is an international trading and service enterprise with core areas of business in the agriculture, energy and construction sectors.

 

 

 

Contact Details

BayWa r.e. Wind, LLC
Suite 1470
4365 Executive Drive
San Diego, CA 92121

Phone: + 1 858 450 6800
Fax: + 1 858 450 6801
Email: info@baywa-re.us