BayWa benefiting from increased solar component demand and project sales

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Two solar parks in the UK were sold that had a total output of approximately 75MW. Image: BayWa r.e

BayWa r.e. the renewable energies business unit of diversified German company BayWa has significantly increased revenue in the first half of 2017, having developed and sold PV power plants and increased sales of PV modules and inverters by around 50%, compared to the prior year period. 

Two solar parks in the UK were sold that had a total output of approximately 75MW, while BayWa also noted the growing demand in Germany, notably in the utility-scale sector, which had contributed to a 50% increase in connected installations, equating to around 600MW. Growth in energy storage system installs in Germany was also noted. 

Renewable Energies segment sales in the first half of 2017 were €576 million (US$683.8 million). EBIT in the reporting period was €41.3 million (US$49 million).

BayWa also noted that it was expanding its global footprint, specifically in PV component sales, establishing new operations in France, Poland, the Netherlands and Thailand. 

Read Next

July 9, 2021
German renewables asset operator Blue Elephant Energy has shelved plans for an initial public offering (IPO) after it secured a €75 million (US$88.8 million) cash injection.
July 6, 2021
Poland’s R.Power has entered the German solar market after signing co-development agreements with local developers to collaborate on PV projects in the country.
July 1, 2021
Heterojunction cell and module manufacturer Meyer Burger has raised approximately US$258 million through the placement of shares and green bonds as it looks to accelerate its push into international solar module markets.
June 28, 2021
The UK’s Climate Change Committee (CCC) has called for a “long-term ambition” for solar and other renewables.
June 23, 2021
Major system-wide benefits are obtainable for European power producers that quickly replace coal with renewable energy, from avoiding fuel and carbon costs to new power export opportunities.
June 18, 2021
In order to align with its net zero target, solar capacity in the UK needs to treble to 40GW by 2030, according to a new report from Solar Energy UK this week.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021