Baywa wants to sell the solar module trade.
Frankfurt The solar and wind power provider Baywa wants to part with its solar trading business and invest the proceeds in its own production capacities for renewable energy. “We want to triple our capacity as an independent power producer (IPP) to three gigawatts by 2026. This is expected to cost two to 2.2 billion euros, of which we will raise 500 to 600 million in equity,” said Matthias Taft, head of Baywa Re, the Handelsblatt.
The division is the largest unit of the Munich company, which is also active in the areas of agricultural, building materials and heating oil trading. “Re” stands for Renewable Energies.
“We also want to invest in our project business with solar and wind parks, and we have a pipeline of planned projects totaling 26 gigawatts,” said Taft. Baywa develops solar and wind power plants and later sells them on, for example to infrastructure investors.
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