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German company BayWa has acquired the UK renewable energy business of Forsa Energy for an undisclosed sum.
Included in the purchase is Forsa’s 350MW pipeline of onshore wind projects in Scotland.
Planning permission has already been granted for six of the projects with a total capacity of 200MW. One further windfarm with a capacity of 150MW is expected to receive consent by 2020.
Gordon MacDougall, the director of BayWa’s renewable energy division in the UK, said: “The deal with Forsa Energy marks an exciting time in the UK renewables market, helping to significantly increase capacity.
“We are delighted to have secured these projects and look forward to developing them. We also want to welcome the new members of our team who have an excellent track record in renewables – having delivered more than 1GW over the years in the UK.”
“We are committed to Scottish renewables and the Scottish government’s onshore wind targets,” he added. “With this investment, we plan to continue to grow and invest in subsidy free-markets by identifying good wind resource opportunities.”
BayWa already manages 823MW of solar and 1,047MW of wind capacity in the UK and Ireland.
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