BayWa r.e., a wholly owned subsidiary of conglomerate BayWa AG, and Geenex Solar LLC, a North Carolina-based developer, have joined forces to develop an initial portfolio of projects in North Carolina and Virginia totaling 350 MW.
The first collaboration is a 5 MW project located in Northampton, N.C. The Hemlock project has started construction and is scheduled to be online by the end of this year. The parties plan to begin constructing the next projects over the coming months, with energy deliveries from the portfolio expected in 2017 and 2018.
The projects range in size from 20 MW to 100 MW and are in different stages of development. BayWa r.e. will provide turnkey engineering, procurement, construction, financing, and operations and maintenance, while Geenex will utilize its local expertise to drive development activities.
BayWa r.e. and Geenex say they intend to expand the scope and scale of the partnership over the coming years to better serve customer needs with integrated, renewable energy solutions.