Press Release
Herausgeber: BayWa r.e. renewable energy GmbH
New service links power and payment in biomethane market
Munich - At the end of last year, BayWa r.e. introduced the new BIOGAS2POWER-smartNETTING service which couples the traditionally separate flows of power and payment in relation to biomethane and exported electricity.
The product, available for the first time on the German biomethane market, is targeted at CHP unit operators and combines the supply of biomethane with the procurement of and trade in the power generated by the CHP unit. Under the new arrangement, the CHP unit operator and BayWa r.e. directly exchange biomethane for electricity generated under the terms of the German Renewable Energy Sources Act and simply settle up any remaining differences. The advantage of this combined service is that payment flows, and therefore the credit risks on either side are significantly reduced without incurring the usual costs of conventional hedging instruments. This benefits the trader as well as the CHP unit operator and the financing bank. What is more, the revenue in the supply chain can be increased when combined with trading on the balancing energy market.
BIOGAS2POWER-smartNETTING has transformed the hitherto ubiquitous uni-directional relationships in the biomethane market into a fully comprehensive supply and service relationship between the renewable energy trader and the biomethane power generator. \"BIOGAS2POWER-smartNETTING helps us to expand our position as a diversified trader in renewables,\" BayWa r.e. Managing Director Matthias Taft stated, in relation to the new product. \"In addition to unlocking new growth and revenue potential, the positive effects also extend to strengthening business relationships and supply chains. At the same time, we are pleased that our new product is able to simplify conditions for our contractual partners while also minimising their risks and intelligently linking different business models together.\" In summation, Mr Taft declared, \"This product innovation allows us, as a certified energy transition company, to highlight once again our commitment to a supply based on alternative energy sources.\"
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BayWa r.e. renewable energy GmbH (BayWa r.e.):
BayWa r.e. renewable energy GmbH, a wholly owned subsidiary of BayWa AG, is responsible for the BayWa Group\'s renewable energy business. BayWa r.e. was founded in 2009 and is based in Munich. It acts as a holding company for various business interests in the areas of solar energy, wind power, bio-energy and geothermal energy.
BayWa r.e.\'s business activities range from project development and realisation to PV trade and consultation services. The company covers the entire spectrum of technical plant support services, including maintenance. It can also undertake the commercial operations management of plants. The range of services further includes energy trading of electricity from renewable sources, trading in biomethane, as well as the sale of green electricity and eco gas to private and commercial customers. The company has an international focus with its core markets in Europe and the USA.
BayWa AG, also based in Munich, is a listed trading company with an international focus. Core business sectors include agriculture, energy and construction.
Munich, 23 January 2015
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Maria Huber
Public Relations
Telephone: +49 89-383932-131
Fax: +49 89-383932-32
E-Mail: maria.huber@baywa-re.com
BayWa r.e. renewable energy GmbH
Herzog-Heinrich-Strasse 9
80336 Munich, Germany
Internet: http://www.baywa-re.com
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