BayWa r.e. expands its business activities in the renewables O&M market in Italy

BayWa r.e. acquired a 100% interest in Solesa Engineering S.r.l., an operation and maintenance (O&M) service provider in Italy with a portfolio of about 27 MW. This is a further step by BayWa r.e. in its expansion of the business activities in the renewables O&M market in Italy. The acquisition took place in December.

BayWa r.e. has about 1.5 GW of renewable energy under operations management worldwide and strategic growth plans in Italy. With over 240 MW of solar and wind assets under service, the company is a leading player in the Italian renewable O&M market. The Italian team, headed by Lorenzo Palombi and Alessandra Toschi, has a highly proficient local expertise. In addition BayWa r.e. covers the project business, providing project development, engineering, construction and finance.

Matthias Taft, Board Member of BayWa AG, responsible for the energy business comments: “The acquisition of Solesa is a crucial step towards consolidating BayWa r.e. as a key player in the Italian market. This strategy of acquisition augments our already strong organic growth within the market. Now we are in a stronger position to benefit from the opportunities in the local renewable energies sector.”