The operation was carried out in collaboration with the Banque des Territoires and Quénéa savings bank, BayWa r.e.'s partner in the development of this park. Two-thirds of the investors live within a 10-kilometer radius of the facility. "In addition to the financial contribution," reports BayWa, "citizens will be actively involved in decision-making on the management of the plant during the operation phase, which is unprecedented in France. For example, they will have the power to decide on local contracts. These shareholders will be represented with two seats on the Clos Neuf project's strategic committee.
Can Nalbantoglu, Managing Director of BayWa r.e. France: "A fundamental condition for the acceptance of renewable projects is the involvement of the local community in their management and economic performance, right from the development phase. This is also a very important aspect for us. On the other hand, the partnership with Banque des Territoires provides a secure and low-risk investment scenario for individuals and local authorities."
BayWa r.e. explains its modus operandi in Brittany
"The company and Quénéa involved the inhabitants of the region from day one: they held information sessions, open days and presentations at the town hall. Thanks to their investment in the project, the shareholders, including the municipality of Merdrignac, will benefit from the economic performance of the wind farm throughout its lifetime. Bondholders can invest a maximum amount of 10,000 euros per lender and will benefit from an interest rate of 5% per annum".
Thus, according to the developer, the project has not encountered any opposition during its development phase.
Lorenzo Palombi, Global Head of Wind Projects at BayWa: "The community must be involved in every step of the development of a renewable project, which is especially important for BayWa r.e. This translates into collaboration between the company, citizens and local institutions, allowing their economic and strategic participation in the process. A renewable energy project is transformational, but beyond the economic benefits, it also brings a new impetus to the community. This is the dynamic we need to have a more sustainable and better future for everyone."
The wind farm has four turbines (twelve megawatts of power in total). BayWa estimates that it will produce about 26 gigawatt hours annually, "the equivalent of the electricity consumed by 14,000 inhabitants of Brittany in a year," and that this amount of electricity "will save about 8,120 tons of CO2 per year in the atmosphere."
BayWa r.e. AG (BayWa r.e.)
The company is active in the "development, distribution and supply of renewable energy services and solutions." According to its corporate profile, BayWa r.e. has already exceeded 4,500 megawatts of grid-connected power and manages assets worth more than ten thousand megawatts (10,000 MW). It is also an independent power producer and has an energy trading division.
In Spain, BayWa r.e. has been present since 2010, has already built more than 600 MW of wind and photovoltaic projects and currently has "a project portfolio of around 2,000 megawatts". To date - BayWa explains - the company has signed 600 MW of long-term bilateral power purchase agreements in the country. In addition, it offers Operation and Maintenance and asset management services, has more than 29 wind and photovoltaic plants under maintenance, 600 MW in portfolio and a pipeline of 2,250 MW for 2025. In 2021, this division continues to focus its efforts on technical and commercial operation and maintenance, revamping, digitalization and comprehensive Asset Management.
The main shareholders of BayWa r.e. are BayWa AG, a global company reporting a turnover of E19.8 billion, and Energy Infrastructure Partners, a fund specializing in energy infrastructure investment.