Three Cedars Solar Project

Daniel Gaefke to join Group Management Board as BayWa r.e. plans to triple capacity of wind and solar project development

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목요일, 8월 3, 2023
Daniel, Three Cedars Solar Project, Taft, Workplace, Independent power producer, AG, Wind, Carbon, IPP, Climate change, Fair Use Project, BayWa, Growth, Project, EnergySolutions, Renewable energy, Education minister

is appointing Daniel Gaefke to its Group Management Board as the business continues to focus on the expansion of its global Wind and Solar Projects business.

Key Points: 
  • is appointing Daniel Gaefke to its Group Management Board as the business continues to focus on the expansion of its global Wind and Solar Projects business.
  • Currently Director of Projects APAC, Daniel will join CEO Matthias Taft, CFO Mihaela Seidl and COO Guenter Haug on the Board.
  • has set the goal of tripling the capacity of current wind and solar development by 2026 and building its Independent Power Producer (IPP) portfolio to 3 gigawatts (GW).
  • He will also take responsibility for the company's Energy Solutions business, which is helping corporations in their own energy transition.

BayWa r.e. Secures $115M Credit Facility to Support Late-Stage Solar+Storage Projects

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화요일, 5월 2, 2023
Acceleration, Three Cedars Solar Project, Infrastructure, Inflation, IPB, BayWa, Growth, Inflation Reduction Act of 2022, Letter, Renewable energy, Bank, Nomura

IRVINE, Calif., May 2, 2023 /PRNewswire/ -- BayWa r.e. has secured a $115-million credit facility with global financial services firm Nomura to support the development of utility-scale solar and solar+storage projects as it continues to grow its footprint in the U.S. clean energy market.

Key Points: 
  • has secured a $115-million credit facility with global financial services firm Nomura to support the development of utility-scale solar and solar+storage projects as it continues to grow its footprint in the U.S. clean energy market.
  • The credit facility will initially support projects totaling 1.1 GW of solar and 188 MWh of battery storage in several states including North Carolina, Illinois, Kentucky, Arkansas, and Washington.
  • The credit facility includes a revolving credit facility and letter of credit to provide financing for the expansion of projects across a number of jurisdictions.
  • As additional projects are added to the portfolio, the credit facility is expected to be upsized in the coming months.