BayWa r.e. targets sale of renewables projects totalling 1.1GW in 2021

Facebook
Twitter
LinkedIn
Reddit
Email
BayWa r.e. sold 57% more solar modules in H1 2021 than the same period last year. Image: BayWa r.e.

BayWa r.e. is on track to sell 1.1GW of solar and wind projects in 2021 as the renewables developer and PV equipment distributor expects to build on growth recorded in the first half of the year.

Having sold a 35MW solar project in Japan earlier this year, the business unit, which is part of German energy and agriculture group BayWa, is now forecasting plant sales to ramp up, especially in Q4. Most of the solar and wind projects that will be offloaded are in Europe, including in Spain, where the company said it has a host of large-scale solar projects for sale.

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

Additionally, BayWa r.e. expects sales from trading in PV components in H2 to match the performance in the first half of the year, when the business said it enjoyed “extremely high” demand.

Total output of PV modules sold rose 57% compared to H1 2020, while inverter sales increased 38%. BayWa said this growth was in part due to the increased efficiency of PV components and the resulting improvement in competitiveness compared to conventional energy carriers.

Thanks to these rises, BayWa r.e. saw its revenue for the first half of the year increase 62% year-on-year to €1.35 billion (US$1.59 billion), while earnings before interest and tax (EBIT) rose to €50.8 million, compared to -€1.3 million in H1 2020.

Among the notable announcements from BayWa r.e. during the first half included its acquisition of French solar and wind developer Enerpole as well as a suite of renewable asset intelligence platforms. It has since completed two floating PV projects in the Netherlands with a combined capacity of 71MWp.

For BayWa as a whole, the group’s first half revenues climbed 13% year-on-year to €9.3 billion as EBIT rose to €144.6 million.

“From energy to agriculture to building materials, we recorded huge double- and even triple-digit percentage growth across all operating segments. We have a great deal of tailwind as we move into the second half of the year and remain on track with our strategy,” said BayWa CEO Klaus Josef Lutz.

Read Next

September 10, 2025
Indian solar module manufacturer Vikram Solar reported a 79.7% year-on-year increase in revenue for the first quarter of FY26.
September 10, 2025
Japanese solar cell manufacturer Toyo Solar has sold 1.6GW of solar PV cells in the first half of 2025, driving revenue of around US$139 million.
September 3, 2025
LONGi, Jinko Solar, Trina Solar and JA Solar posted combined net losses of nearly RMB11 billion (US$1.54 billion) in H1 2025.
August 28, 2025
JinkoSolar has sold 41.8GW of PV modules in the first half of the year, despite growing financial losses for its manufacturing subsidiary.
August 26, 2025
Daqo New Energy has posted gross losses of US$81.4 million in Q2 2025, up from losses of US$81.5 million in Q1.
August 20, 2025
Solar manufacturer T1 Energy has signed a 437MW module supply agreement with an as-yet undisclosed US utility.

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