BayWa r.e. has agreed with its shareholders and financial partners to secure €435m ($475) funding to implement its transformation journey.
Majority shareholder BayWa plans to have its 51% interest managed by an investment company.
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BayWa and its long-term 49% partner, Energy Infrastructure Partners (EIP), are making significant strides in advancing the transformation of BayWa r.e.
The supplementary financial resources comprise bank and shareholder loans, credit facilities and guarantees.
The transaction will be finalised in the second quarter of 2025, subject to standard approvals from committees and financiers.
With the agreements now in place, BayWa r.e.’s capital needs are assured until the end of 2028.
BayWa r.e. will continue to rely on EIP’s financial backing and sector-specific expertise going forward.
Initial discussions regarding an increase in EIP’s stake were abandoned in favour of the solution now jointly supported by the shareholders and financiers.
A solid groundwork has now been laid for BayWa r.e.’s strategic positioning as a dedicated project developer in the renewable energy sector, along with its own IPP portfolio.
BayWa r.e. CEO Matthias Taft stated: “This solution takes us several steps forward – the support of shareholders and financiers will also give us a positive boost as we rapidly implement our transformation.”
BayWa r.e. recently divested a portfolio of French solar projects with a total capacity of 127MWp [megawatts peak] to European asset manager Commerz Real.
The portfolio includes the operational solar parks Greenberry (40 MWp) and Fontenet 3 (40 MWp), which were sold to the generation division of Octopus Energy. It also includes the 47 MWp Amance solar park, which is currently under construction.
