Industrial group Baywa recorded €1.5 billion (US$1.63 billion) in revenues from its renewable energy business in Q1 2023, just under a 25% of the group’s total quarterly revenue of €6.3 billion (US$6.8 billion).
German conglomerate BayWa benefited from high demand for solar modules during the first quarter of 2022, with its revenues bolstered by the sale of an operational PV plant in the US.
Hello and welcome to PV Tech’s coverage of the opening day of Intersolar Europe 2021. The return of a live exhibition for Europe’s solar industry was warmly welcomed, with thousands flocking to the Messe München for the exhibition’s opening day.
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.
German agriculture group BayWa has said its renewables business saw an “unusually strong” start to the year, driven by high demand for solar modules and the sale of a PV plant in Japan.
German agriculture group BayWa is forecasting a significant revenue rise for its renewables unit this year, thanks to a strong project pipeline and growth in PV component trading.
Renewables developer and distributor BayWa r.e. will open new offices and a warehouse in Poland to improve its services for PV installers in the country.
