Schaeffler completes acquisition of 10 MWp solar project in Bavaria

The global automotive and industrial supplier Schaeffler has completed the acquisition of a 10 MWp solar photovoltaic project located in Kammerstein, Bavaria, Germany, from BayWa r.e. AG. 

The project has a total land area of 10.7 hectares and generates clean energy to supply about two percent of the electricity required by Schaeffler’s locations in Germany.

The parties have agreed not to disclose the financial details of the transaction.