BayWa buys into 2GW solar project pipeline in the Netherlands

Facebook
Twitter
LinkedIn
Reddit
Email
German Renewables firm BayWa AG has acquired a 70% shareholding in a project pipeline of around 2GW of PV power plants from Dutch firm, GroenLeven Group. Image: GroenLeven Group.

German Renewables firm BayWa AG has acquired a 70% shareholding in a project pipeline of around 2GW of PV power plants from Dutch firm, GroenLeven Group. 

BayWa said that GroenLeven Group would retain a 30% share in the project pipeline in the Netherlands as part of a joint venture operation.
 
“The Netherlands is an attractive and evolving market for the development of solar installations. The country has established and workable feed-in regulations, and renewable energy generation is yet to realise its full potential,” explains BayWa AG Chief Executive Officer Klaus Josef Lutz.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“Because the country has so far relied mainly on natural gas, renewable energy must now be significantly expanded to achieve the necessary CO2 reductions. Tariffs have already been secured for around 800 MW of GroenLeven’s pipeline, the biggest pipeline in Europe”, noted Matthias Taft, Member of the Board of Management responsible for energy. 

The partners did not provide information on the timelines for completing the pipeline of projects.

However, reports noted that the 70% stake amounted to as much as €159 million.

Read Next

June 10, 2025
Australia’s Queensland government has confirmed an AU$2.4 billion investment in the CopperString transmission project, aiming to extend the National Electricity Market (NEM) to the North West Minerals Province.
June 9, 2025
Sonnedix has signed a power purchase agreement (PPA) with Renfe to supply 420GWh of renewable energy annually for its commercial operations.
June 9, 2025
Growing political headwinds threaten to dent US solar manufacturing and project deployment, despite a strong start to 2025.
June 6, 2025
rPlus Energies has secured more than US$500 million for an 800MW solar-plus-storage project in Emery County, Utah, US.  
June 6, 2025
Eternal Sun has acquired German solar simulator provider Wavelabs, which has resulted in the formation of a new subsidy, Wavelabs Eternal Sun.
June 6, 2025
Australia’s Solar Energy Industries Association (SEIA) has called on Australia’s climate change and energy minister, Chris Bowen, to “urgently intervene” on a rule change that could threaten to derail the uptake of rooftop solar PV.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
September 16, 2025
Athens, Greece