Renewable energy company BayWa has announced plans to expand its solar business into the Southeast Asian market — with its offices in Singapore and Bangkok set to manage projects in Thailand, the Philippines, Malaysia, Indonesia and other countries.
The holding company, BayWa r.e. Solar Pte Ltd., is based in Singapore and was founded in 2015. This was followed in Spring 2016 with regional subsidiary BayWa r.e. Thailand Co. Ltd. This year, in order to mark its entry into the market, BayWa will debut at the ASEAN Sustainable Energy Week 2016 in Bangkok, and will be on hand from 1 to 4 June to speak with trade visitors about its products and services.
Matthias Taft, board member of BayWa AG, said: “For us, South-East Asia is an exciting, rapidly growing region, where renewable energy is in high demand. Here, as elsewhere, we aim to implement our proven business model – both in project planning and the trade of photovoltaic components – and impress our customers with our high, certified quality standards.”
Daniel Gäfke, managing director of BayWa r.e. Solar Pte Ltd., added: “Thanks to our experience both in trade with solar modules and inverters, as well as in the project business, we already know the local situation well. We will also benefit from the expertise of our newly created team. Our goal is to acquire attractive projects, construct them on a turnkey basis and then resell them. We have already had great success in many markets around the world with this concept, and aim to roll it out in as many South-East Asian countries as possible.”