BayWa AG lauds ‘flourishing’ PV components sales as renewables unit picks up the pace

Facebook
Twitter
LinkedIn
Reddit
Email
BayWa r.e. has carved a niche for itself in floating solar, becoming one of Europe’s most prominent developers. Image: BayWa r.e.

German conglomerate BayWa AG has witnessed “flourishing” sales of solar PV components take its renewables segment to new heights in the first nine months of 2021.

While the company did not provide a specific figure or breakdown of revenue, BayWa AG noted that sales output of solar components was up 72% year-on-year. It said the “flourishing trade in PV components” helped lift the company’s renewables segment and offset an expected decline in its conventional energy business.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Indeed, BayWa’s renewables business – BayWa r.e. – continued to gather pace in the first nine months of 2021, with total revenues up 67% year-on-year to €2.219 billion (US$2.53 billion). By means of comparison, the company’s conventional energy segment grew revenues by just 10.7%.

Furthermore, BayWa r.e. earnings before interest and tax (EBIT) for the reporting period more than trebled to €69 million, and the division increased its total share of revenues within BayWa’s broader energy business from 50.1% recorded in the first nine months of 2020 to 60% in 2021.

Solar PV products across the spectrum have experienced price surges on the back of further volatility in the cost of materials, from polysilicon to aluminium, while shipping and logistics costs have also caused turbulence in the wider solar value chain.

Klaus Josef Lutz, CEO at BayWa AG, said the business had taken advantage of “largely favourable” market environments while also “deflecting the disruptions in global supply chains” because of its strategy and positioning in the market.

Project sales by BayWa r.e. planned for the fourth quarter are expected to offer further tailwinds for the business, Lutz said.

“We are currently reaping the benefits of what we have been sowing since 2008: our strategy of internationalising agricultural trade, investing in renewable energies and, most recently, restructuring our agricultural business in northern and eastern Germany – all that is now paying off,” he said.

Read Next

October 8, 2025
University of Sydney scientists have created the largest and most efficient triple-junction perovskite-perovskite-silicon solar cell on record.
October 8, 2025
Saatvik Green Energy has secured new solar PV module orders worth more than INR7 billion (US$84 million), to be delivered in this financial year.
October 7, 2025
Econergy will acquire 100% stake in the 155MW Ratesti solar project in Romania, further expanding its European renewable energy portfolio.
October 7, 2025
Juniper Green Energy through its subsidiary Juniper Green Sigma Eight has signed a 70MW power purchase agreement with renewable energy giant Tata Power. 
October 7, 2025
OpenSolar has secured US$13.1 million in equity financing from technology investors, including Titanium Ventures, Google and others.
October 7, 2025
The government of Victoria, Australia, has launched the an incentive scheme to encourage businesses to install rooftop solar installations.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK